Altcoins Set For $627 Billion Inflow As Altseason Prepares For Takeoff
After recent robust bullish performances by several altcoins, multiple analysts have tipped the altseason to have begun, building momentum for a major price explosion in the coming weeks. Interestingly, popular analyst EGRAG Crypto has weighed in on the discourse around a highly-anticipated altseason, predicting a potential market inflow of $627 billion. Related Reading: Altcoins See Massive Inflows Amid Bitcoin’s Record Rally, But 2021 Bubble Warnings Persist Bitcoin Dominance To Crash By 33% As Altcoins Fly – Analyst In an X post on Friday, EGRAG Crypto provided valuable insight on....
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Solana has held its stance among altcoins, registering inflows more than any other cryptocurrency besides Bitcoin last week. Institutional investment products have witnessed consecutive eight weeks of inflows, with some cryptocurrencies receiving a greater amount of inflows than others. According to the new CoinShares report on digital asset funds, the majority of this money went into Bitcoin products as the crypto continues to attract investor interest in light of recent developments in the crypto industry. Solana Gains Momentum Among Institutional Investors Solana has been on an....
Timely NewsQuakes deliver market-moving events directly to Markets Pro subscribers, while a record-breaking VORTECS Score coincides with Polygon's remarkable price action. Crypto investors are scratching their heads this week, as a key indicator suggests that Bitcoin is about to take center-stage once more — even as Cointelegraph Markets Pro subscribers had the opportunity to take major profits on altcoins such as Rally (RLY), Polygon (MATIC) and Ampleforth (AMPL).Since Markets Pro was launched in January, the Altseason Analysis indicator has leaned heavily toward altcoins — and indeed,....
Altcoins have a huge disadvantage when it comes to price volatility. Photo via btckeychain. Since the creation of Bitcoin, there have been hundreds of altcoins created that are supposed to be the next big cryptocurrency. The first one to gain any real success was Litecoin, and now we've seen the likes of Peercoin, Dogecoin, and others get their time to shine. While some of the newer variations of Bitcoin offer some interesting characteristics, it's important to remember the power of Bitcoin's position as the first cryptocurrency ever created. For a variety of reasons, Bitcoin is already....
The recent market losses have seen institutional investors shift their focus once more to bitcoin. Inflow and outflow trends paint a very vivid picture of going back towards bitcoin to minimize the losses being realized from altcoins. This has seen most of last week’s inflows going into the pioneer cryptocurrency, as altcoins mark another week of little to no inflow. $126 Million To Bitcoin The last week has seen renewed faith in the performance of bitcoin. This is evidenced by the fact that institutional inflows into the digital asset had topped at $126 million. Although the last couple....
Clever traders frequently use these three indicators to pinpoint when an altcoin season could begin. It's widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins. When BTC price is down, altcoins tend to follow, but as a bottoming process begins, altcoins tend to perk up during Bitcoin's consolidation phases and this typically leads to a call for an altcoin season. While Bitcoin's current dip below $30,000 shows that it's a bit premature to call for an....