The crypto market seems bland, lacking enthusiasm from digital coins portraying magnificent upswings. Several top-tier coins have returned positive gains, while some conquer newer positions. Digital assets like Ethereum have hit newer ATH’s, while Solana’s bullish stance has been impressive for many. And SHIB’s skyrocketing moves have been splendid.
However, the industry has been monotonous of late, where cryptos have been cooling off. While amateurs fret over the current stats. Veteran traders care little, as it turns out to be an opportunity to bag some coins prior to the alt-season. Consecutively, an analyst hints at some retests, ahead of the alt-season.
Will These Coins Lead The Altseason?
Altcoin investors have been eagerly waiting for the alt-season to commence, while the market shows little signs of optimism. Several prominent coins from the directory signal red, which were at a bullish stance in recent times. Enthusiasts, on the other hand, have been expecting the following top-performing coins to lead the rally towards the meme season.
The largest altcoin Ethereum, at press time is trading at $4650.57. While the market cap is at $552,901,215,679, the trading volume for the last 24-hours hovers around $19,131,410,471. ETH prices have risen to highs of 63% ever since the start of Q4.
Solana at press time is trading at $227.35, with its market cap around $69,074,218,221. And the trade volumes floating around $2,433,396,918. SOL prices have shot up to highs of 86.6% since the start of Q4.
DOT’s price at press time is trading at $45.42, with its market cap around $47,823,729,562. And the trading volumes for 24-hours at $1,579,270,668. DOT price has surged to peaks of 94.7% since the 1st of October. The utility-powered coins have been the top picks of traders.
Shiba Inu (SHIB)
SHIB is currently cooling off from its trek. The meme coin at press time is trading at $0.00005253, with a market cap of around $28,882,112,790. The trading volumes for 24-hours is at $4,793,559,673. SHIB’s price has risen to exponential highs of over 11,00% ever since the start of Q4.
Is The Altseason Off The Horizon?
Michael van de Poppe hints at the possibility for some retests for the market capitalization of altcoins. Before the coins initiate towards the altseason, which has been due. Which does justify, as the market shows little signs of an upward trajectory.
Crypto proponent mentions a delay to be likely, as he expected the movements to be flatter than it has been in the month of September. He further compares the current statistics with the statistics from 2017.
Collectively, netizens have been expecting the first quarter to host a massive altseason. While a delay in bullish momentum could be feasible. BTC dominance is currently at 41.2%, while that of ETH is at 18.8%.
The dominance of the star crypto does suggest the firm presence of the asset. We can expect the altseason to follow, with BTC’s dominance lowering to levels below 40% to 38%. Until which, slight changes in prices can be expected.