CandleFocus Glassnode Co-Founders Say Opportunities Opening Up for Altcoins, Predict Strong Altseason If This Happens
2024-10-18
Author: Content Editor
According to the founders of analytics firm Glassnode, altcoins may experience one last dip before they outperform Bitcoin. They suggest that as Bitcoin pulls back and altcoins drop sharply, it presents entry opportunities for investors. They also highlight the Bitcoin-altcoin cycle indicator, which shows that Bitcoin is currently underperforming altcoins. If Bitcoin breaks through resistance and the indicator moves above 50, a strong altcoin season could be ahead. The analysts also mention that Solana, Ethereum, and BNB are leading the pack among layer-1 projects, while Cardano and Polkadot are lagging behind. They expect this trend to continue as stronger projects gain market cap.
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