🚀 Altcoin market is showing signs of bottoming out! 📉
- The Crypto Top 200 Equal Weight Index shows that the Altseason Indicator has hit the 10% level, possibly a relative bottom.
- History shows that after this bottom, altcoins often have strong increases.
- The number of daily active users (DAUs) on the blockchain increased 97% since the beginning of the year, signaling continued growth.
- Some altcoins could be poised for the next bull run, especially with the launch of Ethereum ETFs.
📊 However, it is still Bitcoin season with BTC dominance reaching 54%. Only 37% of the top 50 altcoins outperformed BTC in the past 3 months. To have a real altcoin season, this ratio needs to exceed 75%.
What do you think? Will Altcoins Boom Soon? 💬👇
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