According to FBS experts, now Bitcoin is gradually reproducing the Eter and Top altcoins in the cryptocurrency market that occupy a high position in the crypto acting rating. The ether exceeds bitcoin in terms of price growth rate, signaling the beginning of the altcoin season cycle, which can turn in full force at the end of August, brokers believe.
“The signs are obvious: ether is gaining strength, the dominance of stablecoins falls, and the capital of large companies moves to altcoins. Historically, these shifts were the early signs of the most dynamic crypto cycles. The altcoin season is not just approaching – it is already in full swing, ”said FBS analysts.
The current alcohol-seeson differs from-previously the growth of alternative bitcoin coins contributed to retail investors, and this time cryptocurrency hedge funds, large companies and traditional marketers, strategically redistributing funds into crypto actors with long-term potential, explained the leading role in the movement of capital, FBS explained. Analysts suggested first of all to pay attention to three altcoin: Solana (SOL), ChainLink (Link) and Hyperlique (Hype).
From the point of view of experts, the trend is strengthened by the changed economic conditions: a decrease in inflation and low growth in the USA, as well as the expectation of the upcoming reduction in the rate of the American Federal Reserve System (Fed). All this can attract more liquidity to the market, and these factors become a powerful catalyst for the growth of altcoins, FBS representatives say.
Recently, we called the criteria for the onset of the altcoin season at Bits.media, and also explained what dangers it can be for investors.
Source: Bits
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