CandleFocus 2 Reasons Why the Altcoin Season Is Ready to Start
2024-11-19
Author: Content Editor
The crypto market may be entering an altcoin season as key narratives gain momentum. AI tokens and meme coins are currently leading the way in capturing attention and driving investor focus, accounting for 50.4% of the narrative mindshare. This trend is complemented by the rising market cap of altcoins, which is now at $837 billion, its highest level since early 2022. Altcoins are still 35% below their peak, indicating potential for significant growth as capital flows away from BTC and ETH into emerging opportunities. The emergence of strong narratives often signals the start of an altseason, as attention and capital shift away from major players. With AI and meme coins leading the way, the stage is set for broader altcoin season momentum.
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