CandleFocus

Altcoin Season Approaches as Key Indicators Flash Bullish Signals

The cryptocurrency market is showing signs of an impending altcoin season, with indicators pointing towards a shift in market dynamics. The total market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum has surged by 35% since the beginning of the month, suggesting that investors are allocating more capital to altcoins. Additionally, altcoins such as XRP, TRON, TON, ADA, and SOL have seen price increases following the US presidential elections, leading to a spike in spot trading volume. However, it is important to note that an altcoin season will only be officially confirmed when at least 75% of the top 50 altcoins outperform Bitcoin over a three-month period. Currently, only 43% have surpassed Bitcoin's performance in the past 90 days.

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