Altcoins demonstrate stability against the backdrop of increased Bitcoin volatility and have significant potential for value growth, experts interviewed by The Block said.

According to the head of the European research department of Bitwise, Andre Dragos (Andre Dragosch), altcoins began to outpace Bitcoin in terms of price growth shortly after the US presidential election in November. “Alt-season index” of the company Bitwise indicates that 85% of the cryptocurrencies tracked by the company show better dynamics in increasing value than the first cryptocurrency, the analyst specified.

“The performance correlation between altcoins and Bitcoin has dropped significantly. The lower correlation means that altcoins have greater potential for growth than they did before the US elections,” the expert noted.

The diversity of performance among altcoins has reached its highest level since March, demonstrating the diversification of investment strategies in the market, Dragosha suggested.

BRN expert Valentin Fournier suggested that market volatility will remain high in the short term. According to him, investors and traders will closely monitor new economic data as they will influence the US Federal Reserve’s (Fed) interest rate decision.

Market participants expect that the altcoin season, which has been talked about for so long and a lot, is about to arrive, the analyst concluded.

Earlier, experts from the Glassnode platform stated that the first cryptocurrency could experience a deep correction after breaking through the $100,000 level.