If history has taught us anything, it’s that altcoin pumps often follow major Bitcoin moves. Yet, estimating just how big those price movements will be - or exactly how long after Bitcoin’s new all-time highs altcoins will moon–is impossible. David Siemer, the CEO of Wave Digital Assets , says: “I don't think we'll see such a dramatic altcoin season as 2021 in the near future, meaning BTC dominance falling below 40%. But we will see a huge increase in altcoin values as BTC continues to rise.” Siemer then adds that “for alts to break out like 2021 relative to BTC, the use (adoption) and value (revenue capture) of altcoins needs to increase by many orders of magnitude”, emphasizing that it may happen in at least 3 years. But once it begins, altcoin season itself can be easily recognized because of some quite bullish signals:
However, a reversal in ETH/BTC could act as the first domino to ignite broader altcoin momentum. Market watchers should look for signs of stabilization and upward movement in this pair to confirm an altseason trigger.
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Ethereum scaling solutions definitely play a part in positive predictions. Technologies such as Arbitrum , Optimism , zkSync , and Polygon are improving transaction speeds and reducing costs, making Ethereum more attractive for users and developers.
Investors looking to capitalize on altseason should consider diversifying their portfolios, conducting thorough research on promising altcoins, and using technical analysis to time their market entries and exits effectively.
AI Meme tokens’ market cap has surpassed $10 billion, now standing at $ billion. This reflects a % rise in the last 24 hours, with a trading volume of approximately $ billion.
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