A full altcoin season will only begin after the first cryptocurrency approaches its ATH. This conclusion was reached by analysts from the market maker Wintermute.
They noted that the market has recovered from the October decline, and investor sentiment has improved. Traders have begun to selectively take risks.
However, the inflow of capital into digital currencies has not yet resumed, so the sector lags behind other asset classes.
The leaders in growth over the week were segments:
DePIN: +22%;
L2 solutions: +13%;
projects with 'medium' capitalization: +15%;
AI tokens: +9.6%;
DeFi: +8.8%.
At the same time, the L1 blockchain sector showed a decline of 1%. Such a disparity indicates that investors are adding risky assets to their portfolios, but they are doing so very cautiously, explained Wintermute.
Historically, altcoins show good growth when the price of Bitcoin is near its maximum values. This creates a 'capital spillover' effect into riskier coins.
