Record Expected Ether-Bitcoin Volatility Points to Altcoin Season Ahead: Analyst
Peaking implied volatility spreads suggest the emphasis in the markets will shift to ether and other alternative currencies in the short term.
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Altcoins have been on a real tear for months, but Jarvis Labs analyst Ben Lilly says we’re not in an "alt season" just yet. Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an "altcoin season." A quick view of Crypto Twitter shows the schism between traders who are certain we are halfway through alt season and those who believe it has yet to begin.Typically, traders rely on a wide swath of indicators and metrics, like Bitcoin’s total market capitalization versus the total altcoin market....
A crypto analyst has shed light on the performance of meme coins and altcoins in the upcoming bull run. He has labeled popular meme-based cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI, as “Dino Coins,” emphasizing that these tokens could potentially skyrocket during the altcoin season. Dogecoin, Meme Coins Expected To Lead Altcoin Season […]
The recent “altcoin season” playing out over the last several days while Bitcoin downtrends, has traders “cautious” about what could be next. As for what could possibly lie ahead that has crypto traders so fearful, is an altcoin-led blow-off top that sends crypto back into the troughs of a short-term bear phase. Here are the […]
Although Bitcoin recent price plunge has sent several Altcoins on a free fall, with declines ranging from 30% to 70%, there appears to be a beacon of hope set to shine through the murk. The recent Bitcoin Halving in April is what the altcoin market needs to recover and surge beyond its highest levels. Related Reading: Analyst Predicts Major Gains for These Altcoins But Warn Against XRP and ADA Bitcoin Halving: A Gateway to Altcoin Prosperity? Bitcoin usually undergoes a Halving every four years, and this major event halves the block reward for miners in half. This fall in supply has....
While Bitcoin continues to take a beating in terms of dollars, the top cryptocurrency also continues to lose its share over the market cap. In fact, with the most recent support level breached, BTC dominance could be targeting historic lows. Historic lows in BTC dominance could mean that an altcoin season unlike ever before is potentially ahead. Here’s a closer look at the metric that weighs Bitcoin against the rest of the crypto space and how it could impact altcoin performance. Bitcoin Continues To Lose Cryptocurrency Market Dominance At one point, there was only Bitcoin. As the....