๐๐ Altcoin enthusiasts, get ready! Our Altseason Momentum Indicator has been signaling a growing appetite for riskier assets since October last year. While Bitcoin still dominates the market, we're seeing early signs of capital rotation into Ethereum, Solana, Polkadot, and Cosmos ecosystems. ๐
๐ By investigating Uniswap liquidity pools, we can see that most capital remains in the most mature assets. Although Total Value Locked (TVL) is moving out on the risk curve, trade volume has been slower to follow. ๐ข
๐ข With new spot Bitcoin ETFs gaining momentum and a bull market in the digital asset space arguably in play, we're keeping a close eye on how capital rotates and flows into the altcoin markets. ๐
๐ In terms of market cap dominance, Bitcoin leads with over 52% market share, followed by ETH at 17%, stablecoins at 7%, and the remainder of the Altcoin sector at 24%. ๐ฅ
๐ Ethereum, Cosmos, Polkadot, and Solana are attracting investor interest, with Solana exhibiting relatively high volatility and upside performance. ๐
๐ฎ This year has seen a reversal in the GameFi sector, with notable inflows starting in October, coinciding with the point when our Altcoin Indicator triggered. Staking tokens have also consistently experienced positive capital inflows. ๐ฐ
๐ฎ Uniswap data shows a cautious yet growing interest in longer-tail assets, with an expectation of heightened volatility. However, investor trade volume has yet to follow. ๐
๐ฅ In conclusion, the market momentum following the new Bitcoin ETFs is starting to create shifts in capital flows towards Altcoins. The digital asset landscape has evolved significantly, with new ecosystems emerging to challenge Ethereum's dominance. Keep an eye on this space for more exciting developments! ๐
