Former Bloomberg Analyst: Altcoin Season May Appear in Weeks
Former Bloomberg analyst Jamie Coutts suggests that the best time to invest in altcoins is when both the Smart Contract Platform (SCP) index and the Altseason Index are on the rise.Current situation:The SCP index is trending upwards and may soon surpass its March high. The first condition is met.The Altseason Index has dropped to 26%. The second condition is not met.BTC continues to dominate, and the recovery of ETH has not yet spread to the wider SCP sector. Based on the cryptocurrency, presidential, and liquidity cycles, the altcoin season signal may appear in a few weeks. Investors can prepare in advance or focus on assets that are currently performing well, such as $SOL $NEAR $TON.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pantera Partners: Which DePIN projects have real revenue?DePin Case Studies
Some DePIN projects achieve sustainable profitability by solving existing problems, even without relying on the flywheel effect of token economics.
Cardano Partners With Barcelona to Enhance Fan Interaction
XRP Ledger v2.3.0 Upgrade to 2.3.0: Essential Changes and 80% Server Upgrade Milestone
Best New Meme Coins with 1000X Potential: BTFD Coin’s Presale Rally Sparks Buzz While Pudgy Penguins and Osaka Protocol Thrive