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With the progress of the course, many investors Alex await the long -awaited season, with opinions split on whether it will happen. Many market monitors have confirmed that Altcoins (Alts) are preparing for explosive ignition, but others, including CEPTOQUANT, have suggested a different look.
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A few cryptocurrencies for “survival”
On Friday, Ki Jong Jo, founder and CEO of Cryptoquant, Assure Altseason started. In X thread, JU suggested that there would be no direct rotation from Bitcoin to Alt, noting that “Stablecoin Holders prefer” altcoins.
According to JU, Bitcoin is no longer an encrypted currency to quote, adding that the dominance of Bitcoin (BTC) no longer determined Altseass anymore. In a post in December, he explained that “Altcoins used to move together based on its association with BTC”, however, this style is now broken.
Instead, he stated that the trading volume is the scale it determines, with Altcoins currently 2.7X Bitcoin size. JU is also considered that this is very selective and full of challenges, as it is expected to flourish a few altcoins with strong user cases and novels.
He added that despite the good market morale, there is no new liquidity, which “feels like a PVP battle on a fixed pie.” As a result, Altcoin's battles “have become more condition”, and only a few of them pump this season and attract new liquidity.
Altcoin markets are currently a zero PVP game. While Bitcoin has doubled its ceiling on the market, the maximum Alt market is still less than the previous ATH, as it revolves around it without fresh capital flows. Only a few alts with strong use and novels will survive.
Altcoins is ready for the next leg
Trader crypto yoddha Proposal Altcoins is “ready for round 2” after her last performance. According to The Post, the encryption market, with the exception of BTC and ETH, follows the game of play in the period 2020-2021.
During the last session, Altcoins witnessed legs at the top of the session and at all ages (ATH) of $ 1.13 trillion. In the “first round”, they erupted from the accumulation period, seeing a small re -accumulation phase before height to the above.
After restoring this resistance level, Altcoins began the “second round”, to achieve different different levels before reaching the top of a new cycle. Yoddha noted that the market ends in the first round, as it was tested the top of the last session during the post -election pump.
Analyst Rick Capital Assure The maximum Crypto market, with the exception of the best 10 symbols, “Complete the second part of its double composition.” He explained that Altcoins has been expanding between $ 250 billion to 280 billion dollars since the correction of February 3.
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For each job, Alts must close more than $ 280 billion and re -test this level as support to confirm the outbreak of its resistance for three weeks and try to restore the brand of $ 300 billion.
Likewise, analyst Karl Ronville I mentioned Altcoins has a rewarding step after leaving its two -month descending channel. Alts witnessed 120 % climbing after leaving a convergence channel for 2024. Altcoins must restore $ 300 billion resistance to breaking this pattern.
Distinctive photo of Unsplash.com, Chart from Tradingview.com