18 Top Cryptos Outperform Bitcoin: Could the AltCoin Season Be Lurking Around The Corner?
As anticipation builds for the launch of Ethereum ETFs, many speculate this could kickstart the altcoin season, marked by altcoins outperforming Bitcoin.
Altcoin season typically begins when 75% of the top 50 altcoins outperform Bitcoin over three months. Currently, only 18 have surpassed Bitcoinâs performance in the last 90 days, suggesting the early stages of an altcoin season.
Maker (MKR): Maker's price surged 33% in the past week, currently trading at $3,024. Crossing above its 50-day SMA indicates a positive momentum shift, potentially driving the price to $3,277 if the trend continues.
Bonk (BONK): Bonk has gained 19% over the past 90 days, with a 20% rise in the last month, reaching $0.00002836. Indicators like the Elder-Ray Index and Directional Movement Index (DMI) show strong bullish signals, suggesting the price could climb to $0.000031.
Ripple (XRP): Rippleâs XRP jumped 38% in the past week to $0.61, its highest since April 12. However, with an RSI of 77.21 indicating it's overbought, a short-term decline to $0.56 is possible before potentially reaching $0.66.
The market cap of top altcoins is rising, supporting the altcoin season theory. As Ethereum ETFs launch, Bitcoin's dominance may decline, increasing volatility and driving altcoin prices higher. However, Bitcoin reaching new highs could delay the altcoin season.
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