We enter the second stage of the Altcoin season in the crypto market. Analysts say that the decline trend since 2021 has finally broken and the ground is prepared for a large rally. The fact that Ethereum’s scenarios to pass Bitcoin began to be discussed shows that this process has reached a critical point.
Altcoin season roadmap: Which stage are we at?
The Altcoin season follows a four -stage money flow process. First, Bitcoin dominance increases, then Ethereum begins to leave it behind. Large -volume subcoins are then seen and splashes are seen and finally a fully comprehensive subcoin rally begins.
Currently, we can be on the verge of the third stage where Ethereum has gained power and large volume subcoins are moving. Many investors on the market expect a huge rise in the Altcoins with the leadership of Ethereum.
Corporate investors focused on ETH and DOT
Although Ethereum makes a challenging start to 2024, it is prepared for a large wave of rise later in the year. There are a few important factors behind this optimism. In particular, the interest policy of the US Federal Bank (FED) is of great importance. If the Fed gives an interest rate reduction signal, a new liquidity flow can be provided to the market. This can trigger a general rise in the crypto market.
Apart from Ethereum, corporate investors also show great interest to large subcoins such as Polkadot (DOT). Tuttle Capital’s 2x leverage DOT ETF application shows the confidence of corporate investors to this project. According to technical analysis, Dot Elliott is about to enter the third stage of wave theory. This wave is often known as the stage of the largest price movements.
Alchemy Pay (ACH) is the herald of Altcoin Rally with an increase of 118 %?
Medium -sized subcoins also took action. In particular, Alchemy Pay (Ach) has attracted attention by earning 118 %in recent years. Analysts think that this can be the first signal of a comprehensive rally.
Alchemy Pay is a project that provides web3 payment solutions. Finally, he took a big step from the Australian Financial Regulatory Authority (Austrac). This development carried AH to big players like Kraken and increased market confidence.
Conclusion: Has the Altcoin bull started?
Technical indicators and market dynamics show that a major rise in the Altcoin market is approaching. However, Fed’s interest policies and market sensitivity will determine the speed of this process.
Ethereum’s increasing its power, the preparation of Polkadot for the large wave movement and the rise of projects such as Alchemy Pay gives strong signals for Altcoin investors. The next weeks will be critical for the official start of the Altcoin season!
