Market Data Hints At 500x XRP Rally In Upcoming Altcoin Season
According to market analysis, XRP might be near to having a significant price blowup. The next altcoin season could go anywhere from 10x to the amazing 500x, experts believe. Two important charts by renowned market analyst Kevin Cage on XRP’s relationship with Bitcoin’s supremacy in past bull markets form the basis of this favorable prediction. The Last 2 Times $XRP Pumped Was during the previous 2 Alt Seasons when #Bitcoin was drawing higher highs first. 2017: Over 500X (over 300x with Monthly Candle Bodies) 2021: 10x (During Lawsuit & Exchange Delistings) Will history rhyme....
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Crypto analyst InvestingScope has drawn market participants’ attention to a major occurrence that hints at an imminent altcoin season. The analyst also revealed how high the crypto market could reach as altcoins outperform Bitcoin during this period. Altcoin Season May Be Imminent As Golden Cross Flashes In a TradingView post, InvestingScope revealed that altcoins have made a 1-day Golden Cross, the first since just right after the US elections. He noted that the rally that followed made new highs for these altcoins, indicating that another altcoin season may be on the horizon. The....
Many crypto analysts and investors are still eagerly anticipating the arrival of a full-blown altcoin season in this market cycle. While some surges have been observed in individual altcoins like Solana and XRP, the broader alt market has yet to see the kind of explosive rally that characterizes an official altcoin season. This delay is […]
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....
According to CryptoQuant’s data, the long-awaited altcoin season may have officially arrived. The CEO of the crypto market company, Ki Young Ju, has pointed out a significant surge in altcoin volume on Centralised Exchanges (CEXs). Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto CryptoQuant CEO Says Altcoin Season Has Begun Presenting a detailed price chart of the volume ratio of Bitcoin versus altcoins on CEXs, Ju disclosed that altcoins have been seeing significantly higher trading volume than BTC. Unlike previous bull market cycles, Bitcoin Dominance....
In recent months, the altcoin market has been sluggish. With fewer retail traders actively participating, analysts have predicted a delayed altcoin season. While the buzz is there, the market is still in the early stages of the speculative phase. It’s a bit like waiting for a slow-cooked stew to reach its peak — the flavors […]