Glassnode Founder: A New Cycle Begins for Altcoins!

Yann Allemann, founder of Glassnode, examined the dominance cycle between Bitcoin (BTC), Ethereum (ETH) and altcoins.

Yann Allemann, founder of on-chain analysis platform Glassnode, included the dominance cycle between Bitcoin, Ethereum, Solana (SOL) and JasmyCoin (JASMY) in his social media post dated May 30.

Stating that a transformation process has begun in the crypto markets, Allemann stated that in the coming period, the dominance of Bitcoin will decrease and will be replaced by projects such as Ethereum, Solana and JasmyCoin.

The founder, who included the "bull flag" formation and RSI (Relative Strength Index) in the technical analysis he shared in addition to his post, pointed out that the Ethereum/Bitcoin parity gave an obvious return signal.

The experienced name, which briefly points to an altcoin season in his analysis, managed to excite cryptocurrency investors. Market experts predict that spot Ethereum ETF approval will come at the end of June and after this point, serious rises will begin in altcoins.