Why Altcoin Season Is Closer Than You Think
Why Altcoins Are Closer Than You Think
Author: Crypto Analyst
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- The Altcoin Season Index has decreased from 88 to 71.
- Pessimistic sentiment towards ETH, SOL, and BNB continues to rise.
Over the past day, altcoins have taken a backseat after experiencing strong rallies. The potential for an altcoin “season” remains on the table.
The altcoin chart is mirroring patterns seen in earlier cycles. What’s different with the current state of altcoins?
Top-tier altcoins such as Ethereum (ETH), Binance Coin (BNB), and Solana have faced price corrections within the last day. Per data from CoinMarketCap, these cryptocurrencies recorded declines of approximately 2.5% to 4%. Notably, even memecoins followed suit; Dogecoin—the leading memecoin—saw its value dip by more than 5%.
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