The altcoin season will begin, most likely, by the end of the year – after the launch of new crypto -instruments suitable for investment, the Bitfinex platform analysts suggested.
Over the past month, the dominance of the first cryptocurrency has decreased by 6%, and the drop in the indicator historically brings the beginning of altsyzon, experts said. A sufficient fall has not yet occurred, but the steady influx of capital in spot bitcoin-ETF has not recovered.
“These products will create a steady demand that does not depend on short -term price fluctuations, and will be able to prepare the foundation for revaluating the entire altcoin market,” Bitfinex believes.
Platform experts describe the market as “demonstrating a milder risk appetite at this stage of the cycle.” Although the influx of capital remains positive, the restrained dynamics reflects the cautious approach of investors, contrasting with aggressive demand, which characterized the past altcoin rallies, said in Bitfinex.
Earlier, Lookonchain service experts said that the co -founder and former Criticler Cryptostean Bitmex, Arthur Hayes) replenished his investment portfolio with new altcoins: Hyperlique (Hype), Lido DAO (LDO) and Ethena (ENA).
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Source: Cryptocurrency
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