Hey, what's up, guys! Do you remember that crypto boom in 2021 that changed many of our lives or made us dream big? Well, hold on tight, because the digital universe is sending us signals that history might be about to repeat itself. 🚀
Watch out for this! Searches for "altcoins" on Google have exploded and are at their highest point in five years. What does that tell us? That people on the street, the "retail", are waking up and getting curious about the crypto world. It's like the whole neighborhood is asking about the same thing. 👀
This boom in interest is no coincidence. A new inflation report in the United States came out and boom, the entire market lit up. Bitcoin (BTC) surpassed $120,000 again, but the real champions of the day were the altcoins. 👑
Capital is in full rotation. Glassnode's data is very clear: Bitcoin's dominance dropped from 65% to 59% in just two months. Where is that money going? To altcoins, buddy. The market capitalization of these coins has already reached $1.67 trillion, a three-month record. Although it’s still below BTC, the flow is undeniable. 💸
The Altcoin Season Index rose to 39, getting close to the magic number of 75 that confirms the party is on. An analyst, Merlijn The Trader, called it a "bullish flag" ready to explode. And when money moves from BTC to alts, the movements can be explosive!
Altcoins are already surpassing Bitcoin with a bunch of coins, like Ethereum (ETH), which skyrocketed 81% in 90 days, while BTC only rose 17%. There's an 80% chance that ETH will break its all-time high before August ends. Crazy!
The big question is: will the cycle of 2017 and 2021 repeat, where a year after Bitcoin's halving the altcoins go crazy? Everything seems to indicate yes. The charts, public interest, and capital movement are aligned. We're not in complete "Altseason" yet, but all the ingredients are on the table. Staying above December's highs will be key for the party to really start. 🍿
So, while the crypto world heats up, are you ready for what's coming or are you going to watch the train pass by? 🤔$ETH $XRP $BNB
