Altcoin Trading Volume Shoots Up: Is The Altseason Upon Us Again?
Following the recent uptick in altcoin prices, conversations about the potential start of an altseason are gaining significant momentum. Interestingly, recent on-chain data about the rising altcoin trading volume has added some weight to the altseason discussions. Altcoin Trading Volume Climbs Above Yearly Average In a recent Quicktake post on the CryptoQuant platform, CryptoOnchain revealed a critical change in the altcoin market. Citing the “CEX Volume Ratio: Others vs Top 5” metric, the market analyst explained that the altcoin trading volume has been in an uptrend lately.....
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As the cycle progresses, many investors are awaiting the long-anticipated Altseason, with opinions split on whether it will happen. Several market watchers have affirmed that Altcoins (Alts) are getting ready for an explosive breakout, but others, including CryptoQuant’s CEO, have suggested a different outlook. Related Reading: Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions Few Cryptocurrencies To ‘Survive’ The Altseason On Friday, Ki Young Ju, CryptoQuant’s founder and CEO, affirmed that the Altseason has begun. In an X thread, Ju suggested that there will not....
Data shows social media mentions related to “altseason” have hit a low recently, something that has often been relevant for Dogecoin in the past. Altseason Social Volume Has Plummeted In a new post on X, analytics firm Santiment has talked about the latest trend in the Social Volume of “altseason.” The Social Volume refers to an indicator that tracks the weekly total number of posts/messages/threads on the major social media platforms that contain mentions of a given term or topic. Related Reading: Solana’s Next Major Support Levels Sit At $50, $22, And $10: Analyst....
CEO and Co-founder of crypto education media firm Coinbureau, Nic Puckrin has shared a “realistic” take on the altseason. The former TradFi entrepreneur and prominent digital asset advocate has highlighted three necessary conditions to usher in an altseason. Related Reading: Bitcoin Escapes Tight Range After Week Of Compression – Next Stop $100K? Altseason Still On […]
Prominent market analyst Egrag Crypto is predicting an altseason of substantial magnitude following recent developments on the Bitcoin Dominance (BTC.D) chart. This latest technical commentary adds to the continuous list of speculations on the time and fashion of a rather peculiar and highly anticipated altseason. Related Reading: Crypto Founder Predicts Ethereum Price To Touch $20,000 As Fed’s Powell Turns Dovish Here Comes The Mother Of All Altseasons – Analyst The nature of any potential altseason in the present market cycle has been a consistent debate over the past few months.....
Binance co-founder Changpeng Zhao has suggested that the highly anticipated Altseason isn’t here yet as most altcoins continue bleeding, while some market watchers consider the worst might be over soon. Related Reading: ‘All Options On The Table’: Bitcoin Must Hold This Level Ahead Of Trump’s Crypto Summit CZ Says There’s No Altseason Yet On Friday, Changpeng Zhao, also known as CZ, responded to an X user asking when the Altseason will happen. The Binance founder pointed out the price tracking and market data website CoinMarketCap (CMC), which recently added an “Altcoin Season Index.” CZ....