CandleFocus When Will Altcoin Season Come? Two Analysts Share Their Thoughts
2024-11-06
Author: Content Editor
According to a report by K33 Research, altcoins have struggled throughout the year due to regulatory uncertainty, while Bitcoin has thrived. The upcoming US election results have increased the importance of smaller cryptocurrencies compared to Bitcoin. The analysts at K33 Research believe that Bitcoin will continue to thrive regardless of the election outcome, but altcoins will likely depend more on the election results. However, Coinbase's head of research, David Duong, sees the election as a potential turning point for altcoins to catch up, as people may become more interested in them. Duong also believes that the elections could serve as a catalyst for crypto prices, but macroeconomic conditions will also play a significant role. Regardless of who wins, he expects the cryptocurrency market as a whole to benefit from the elections.
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