BTC.D is near the trendline.
Will we see a bounce right of the trendline? If so we could get the altseason we all are waiting for. However due too the massive growth in the number of altcoins and the many rugpulls in the meme sector and even liquidations as in
OM for example, we could be in for a complete other scenario.
BTC could also keep the higher levels of dominance due to new ETF inflows and reserves by country's and the negative new in the alts. FUD could build up on the alts. So will we see an alt season in that case.... Even
ETH is dropping so low.....
If we will see an altseason it will be different. Other bullruns there were just a few hundred altcoins so it was easy to pump them all. New we have milions of coins and the money supply is limmited. The inflows in BTC are stuck there in ETF's and reserves... So that looks nice but it won't flow back into alts in my opinion.
So what can we expect from the so called altseason.... Well i believe we will see rotation from narrative to narrative. The mass (retail) will first jump on the train with trading the pairs they know. In taht case we will see the first pumps in the bigger MEME's and DINO coins (coins that have survived several bullrun cycles like XRP, LTC, ADA, ETH, BNB, LINK).
Why DINO coins will pump? Because retail knows these coins and all the new coins are just too many to deal with. They just won't understand. Off course we will see projects like SOL, SUI, HBAR, ATH and several others pump with the coins but not every coin has the same visibility.
After these two narratives the rest could follow. A few a quite certain. Like AI, RWA, DeFi and a few others. But also in these narratives it will be cherry picking the good and proven projects.
So choose your darlings with care and don't mary your coins! All alts will drop 90% in the bearmarket!
Will we see a bounce right of the trendline? If so we could get the altseason we all are waiting for. However due too the massive growth in the number of altcoins and the many rugpulls in the meme sector and even liquidations as in
OM for example, we could be in for a complete other scenario.BTC could also keep the higher levels of dominance due to new ETF inflows and reserves by country's and the negative new in the alts. FUD could build up on the alts. So will we see an alt season in that case.... Even
ETH is dropping so low.....If we will see an altseason it will be different. Other bullruns there were just a few hundred altcoins so it was easy to pump them all. New we have milions of coins and the money supply is limmited. The inflows in BTC are stuck there in ETF's and reserves... So that looks nice but it won't flow back into alts in my opinion.
So what can we expect from the so called altseason.... Well i believe we will see rotation from narrative to narrative. The mass (retail) will first jump on the train with trading the pairs they know. In taht case we will see the first pumps in the bigger MEME's and DINO coins (coins that have survived several bullrun cycles like XRP, LTC, ADA, ETH, BNB, LINK).
Why DINO coins will pump? Because retail knows these coins and all the new coins are just too many to deal with. They just won't understand. Off course we will see projects like SOL, SUI, HBAR, ATH and several others pump with the coins but not every coin has the same visibility.
After these two narratives the rest could follow. A few a quite certain. Like AI, RWA, DeFi and a few others. But also in these narratives it will be cherry picking the good and proven projects.
So choose your darlings with care and don't mary your coins! All alts will drop 90% in the bearmarket!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.