Altcoin Rally Underway, but Altseason Remains Elusive
Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/btctradingclub Zcash, Quant and a few other tokens have rallied, but Liu says their gains are too isolated to confirm a broad altcoin rotation. Analyst Dennis Liu, who posts on X as VirtualBacon, says altcoin season has not started, because the average altcoin is only about 10% ahead of BTC since the primary cryptocurrency’s bottom. According to him, a handful of strong coins are making the market feel hotter than the data supports. Most Altcoins Still Trail Bitcoin Liu’s argument rests on relative performance rather than a few eye-catching rallies. He pointed to the Total 2-to-Bitcoin ratio, which compares the market value of cryptocurrencies other than Bitcoin with BTC, and described the chart as “very flat.” Since Bitcoin’s bottom, the average altcoin has gained 10% more than BTC, he noted. That is fa...