Is the altcoin season coming? 🕵️♂️ Understand these 3 signals before getting in!
Attention all altcoin enthusiasts who have been waiting for over half a year! Recently, there have been undercurrents in the crypto world, but the full-blown celebration is not yet ripe 🌶️ Here are a few key signals to understand before taking action –
1️⃣ BTC dominance is a barometer
Currently, Bitcoin's dominance is hovering around 63%. Historical data shows that falling below 55% is a signal for altcoins to gain momentum 📉 However, the local market has already quietly started to heat up, with Binance's altcoin trading volume increasing by 11% over the past 5 months, showing signs of activity!
2️⃣ Liquid capital is not yet fully flowing
The Federal Reserve's interest rate cuts are a good thing, but stablecoin funds are still on the sidelines 😶 $156 billion is sitting in accounts, but there hasn't been a large-scale influx into the altcoin pool. Once this flow starts, it will be a real opportunity window 💧
3️⃣ Market sentiment is still in the "ice cellar"
The Fear and Greed Index is at 3, indicating an "extreme fear" zone 😱 Historical patterns tell us that only when emotions warm up from freezing can retail and institutional investors boldly enter and scoop up bargains
💡 Prediction timeline: The earliest would be Q3, and at the latest Q4 could see a local outbreak, but it will be difficult to replicate the full celebration of 2021. Focus on compliant (regulatory compliant), tech-driven (like Solana's innovative public chains), and steer clear of purely speculative tokens!
Be patient for signals, and don't chase trends recklessly 🔥 Is your destined altcoin ready?
