Top Altcoins for Next Bull Cycle: Santiment’s Picks
As Bitcoin (BTC) approached $67,000 on Friday, the altcoin market, especially Ethereum (ETH), showed strong bullish signs. Many altcoins have been consolidating for several weeks, following a trend that started earlier this year.
On-chain data reveals that institutional investors have been actively buying up altcoins, preparing for the expected peak of the crypto bull cycle. Additionally, most altcoins have recently tested and confirmed a bullish trend reversal. With Bitcoin dominance likely to decrease, focusing on the altcoin market could be key to maximizing profits.
Santiment’s Recommendations for Maximizing Altcoin Profits
According to market intelligence platform Santiment, crypto investors should pay close attention to the average trading returns of various assets. Santiment advises that if you expect markets to surge, investing in assets where traders have experienced the most pain historically offers a higher chance of achieving significant returns.