Kaiko says beginning of altcoin season may be approaching
According to a Dec. 6 post on X from Kaiko, the altcoin market share volume reached 67% last week, with Bitcoin and Ethereum sitting at 28% and 11%, respectively. As suggested by a leading source of cryptocurrency market data, this indicates a shift in investor sentiment and a growing appetite for altcoin s. Chart watch With notable momentum since October, cryptocurrency enthusiasts are eagerly watching the charts, speculating whether this surge marks the beginning of a full-fledged altcoin season, a market cycle in which the price of a significant number of crypto assets, which are different from BTC, have better growth indices than the above currency. You might also like: Terra Classic rally after Binance burns 3.9b LUNC, this altcoin could also soar Is # altcoin season approaching ? Altcoin market share of volume has soared since October, hitting 67% last week. pic.twitter.com/cWEmpZ4key — Kaiko (@KaikoData) December 6, 2023 This perspective has since been s...