This Indicator Shows When Altcoin Season To Start?

Crypto enthusiasts are eager for the next altcoin season, and top analysts are sharing their insights on when it might begin and what indicators to watch.

Crypto analyst Miles Deutscher believes we're not in an altcoin bull run yet. Despite Bitcoin's new all-time highs and the rise of meme coins, altcoins are lagging.

Key Points from Deutscher:

- OTHERS/BTC Ratio: Lower than in October 2023, indicating weak altcoin performance.

- Altcoin Performance: Only eight have surpassed previous all-time highs against Bitcoin since the FTX collapse.

- YouTube Views: Low views for Bitcoin despite price surge, showing retail disinterest.

- Altcoin Prices: Still 70% below their previous all-time highs, even as Bitcoin reached a new peak in March.

- Market Behavior: Driven by Bitcoin and ETF narratives, with memes, AI, and RWAs leading this cycle.

Crypto investor Layah Heilpern sees bullish signs, pointing to Bitcoin and Ethereum ETF approvals and endorsements from high-profile figures as indicators of a market ready for growth.

Heilpern's Bullish Indicators:

- High-Profile Endorsements: Support from figures like Donald Trump.

- ETF Approvals: Positive impacts on Bitcoin and Ethereum.

- Market Shakeout: Removal of weak hands, setting the stage for a big move.

Ki Young Ju, CEO of CryptoQuant, and technical analyst Mister Crypto see early signs of an altcoin season, particularly for Ethereum.

Key Indicators:

- Ethereum's MVRV Ratio: Rising faster than Bitcoin's, suggesting Ethereum is heating up.

- Potential ETH-Led Season: Historically, when Ethereum surges, other altcoins follow.

Michaël van de Poppe and Rekt Finance highlight specific altcoins to watch.

- Chainlink (LINK): Van de Poppe is bullish, citing historical patterns and expecting a significant rally.

- Polkadot (DOT): Rekt Finance points to Polkadot’s AI projects as a bullish sign.

While opinions differ on the exact timing, the consensus is that altcoin season is on the horizon.
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