Hello crypto enthusiasts! 🌟
🔹 The altcoin market has been down, but one key indicator suggests we could be in a "relative momentum bottom." This could mean takeoff soon, according to Real Vision's Jamie Coutts.
🔹 The Top 200 Equal Weight index shows that only 10% of altcoins outperform BTC in the last 90 days. Historically, this marks a bottom before a sustained rally.
🔹 The number of daily active users on blockchain is up 97% this year! More users = higher prices.
🔹 Although BTC dominance remains strong at 54%, it's not yet altcoin season. We need more than 75% of altcoins to outperform BTC to declare it.
What do you think? Are we close to an altcoin season? Leave us your comment! 🚀