The ALTCOIN season is likely to be current but is still limited due to the challenges of market liquidity – Crypto World Echo
The 90 -day moving average has increased for Altcoin trading volume on the central stock exchanges since mid -November, which may indicate the start of the Altcoin season, according to Cryptoquant.
CEO and Founder Cryptoquant Ki Young Ju subscriber Data Show ALTCOINS trading ratio compared to Bitcoin (BTCIt rose from 1.77 to 2.77 as of February 20.
in order toHigh This is likely to indicate that “the alternative season has started.” Alt Season is the period when Altcoins rates increase compared to BTC.
He added:
“There is no direct rotation in BTC-To-AT, but Stablecoin holders prefer ALTS. The size of Alt is 2.7x BTC. BTC dominance no longer determines the ALT season-trading volume no […] BTC is no longer a quotation currency anymore. “
However, the data indicates that the central stock trading focuses on the largest four altcoins according to the maximum market: ethereum (Eth), Xrpand BNBAnd Solana (Teller).
Despite the high trading rate in Altcoin/BTC, “Altcoin’s combined Altcoin trading volume for stablecoin couples” remains fixed, with the exception of a summit of $ 60.4 billion on February 3.
Altcoin selective season
In December, Ki warned his followers that this Coin Coin season would be “strange and difficult” because there is not enough liquidity to push the entire sector. As a result, a few altcoins will rise. He added that Altcoins is ready to gather to its highest new local levels should follow one of two tracks.
The first is to create “paper wrapped in paper” like Bitcoin. It refers to the BTC ecosystem through traditional investment compounds, such as the exchange funds on the stock exchange (ETFS), BTC strategic acquisitions, and money investing in BTC.
The second track is to build a real invisible ecosystem using Stablecoins or BTC to ensure Altcoins is independently estimated. It is worth noting that the last Kaiko reportHigh The best 10 altcoins according to the maximum market represents 64 % of all altcoin daily liquidity, almost this value from September to February 11.
According to encryption data, 3 Altcoin 22 sector from Altcoin sector has recorded positive offers over the course of the date.
The average performance of the encryption market over a negative date is 24.9 % as of February 21, where 13 sectors of Altcoin recorded losses over this threshold, equivalent to 59 % of the Altcoin market.
Pamphlet The Altcoin season is likely to be implemented but is still limited due to the challenges of market liquidity – Cryptoquant First appear on Cryptoslate.
