Interest in altcoins has surged recently, with
Google searches hitting their highest since 2021. Ethereum's price is nearing $5000 which has led to speculations about the beginning of the
'altcoin season'. This is also substantiated by a fall in Bitcoin's dominance below 60%. Akin to this,
Solana (SOL) has witnessed a 15% jump, reclaiming $200, alongside the intensification of the altcoin market due to treasury accumulation. In the face 'alt szn' fever, Ray Youssef states that the
altcoin season is not just beginning, rather it's halfway there.
Key players in the market such as
Ethereum (ETH), Ripple (XRP), Solana (SOL), Chainlink (LINK), and Polkadot (DOT) are making significant movements hinting at a possible altcoin rally.
Dogecoin (DOGE), however, is experiencing a split in holdings amid increasing Fear Of Missing Out (FOMO) on altcoin investments. Furthermore, altcoins like XRP hit double-digit rallies, suggesting a broader altcoin season.
Bitcoin's current path may potentially hold off the altcoin season as it breaks through resistance at $118K. However, a slight dip in Bitcoin's value keeps the altcoin market going, and some traders anticipate an incoming altcoin pump between 200%-500% led by Ethereum. The market is preparing for the next bull run which is set to take place in 2025.
Finally, according to experts,
corporate treasuries in altcoins will help Bitcoin maintain its place in the market and many believe that the next big breakout star could be Moonshot MAGAX (MAGAX) due to its growing popularity.
ALT Coin News Analytics from Thu, 29 May 2025 07:00:00 GMT to Wed, 13 Aug 2025 21:19:42 GMT -
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