Ripple’s XRP Steals the Show As Glassnode Execs Say a Roaring Altcoin Season May Be Just Ahead

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Founders of blockchain analytics firm Glassnode believe the crypto market is on the cusp of another full-fledged altcoin rally.

Are We Soon Entering The Season Of Altcoins?

Altcoins are projected to reenter a bullish phase, with the signs becoming clear amid consolidatory Bitcoin price action.

Glassnode founders Jan Happel and Yana Allemann highlighted on their shared X account “Negentropic” that the tech-heavy Nasdaq index dropped 2% on July 11. Contrarily, the iShares Russell 2000 ETF (IWM), an index composed of small-capitalization U.S. equities, gained over 3%. This basically suggests that investors are venturing into riskier assets as they seek to maximize their returns.

The analysts likened the current scenario to November 2020. The small-cap industry started skyrocketing back then and continued extending its

gains in the following months

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