Here’s When Traders Can Expect Altcoin Season?

As the crypto market moves slowly, analyst Altcoin Buzz brings some optimism, forecasting a comeback for altcoins this summer, followed by a strong surge by the year’s end. This positive outlook comes at a time when two specific altcoins are making significant moves.

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Expected Rebound for Altcoins

Altcoin Buzz points to historical charts indicating a possible bottoming out for altcoin prices around June. This aligns with insights from crypto analyst Rekt Capital, who recently highlighted that altcoins tend to hit bottom in early summer after certain market events. Despite a recent dip in the altcoin market cap, overall sentiment remains positive, with considerable gains made so far this year.

The sentiment in the altcoin market is closely tied to Bitcoin’s performance, with analysts suggesting that altcoins could stabilize as Bitcoin prices continue to consolidate post-halving.

The Altcoin Space is Switching Up!

Meanwhile, there are notable developments in the altcoin ecosystem that are adding to market optimism. CET, a blockchain data infrastructure, has announced the integration of Peaq blockchain, aimed at boosting real-world applications and simplifying the development of event-driven apps. This integration is expected to give developers access to customizable live data streams, facilitating the creation of innovative applications on the network.

Altcoin Projects to Focus On

In the midst of these developments, certain altcoin projects are experiencing significant growth. Akash Network has surged by nearly 50% in the last seven days, driven by quarterly revenue growth and the introduction of user-friendly platforms for cloud providers. Similarly, TON coin, the native cryptocurrency of the Open Network, has seen a substantial rally ahead of its upcoming token launch, supported by major exchanges offering pre-listing staking rewards.

Expanding Sports Fan Token Ecosystem

In an effort to expand the sports fan token ecosystem, SBI Digital Asset Holdings, the crypto arm of Japanese conglomerate SBI Holdings, has partnered with sports blockchain provider Chiliz. This collaboration aims to offer Japanese fans access to fan tokens from popular football clubs, enriching their sports and entertainment experiences through token-based rewards and activations.

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What altcoins are you most bullish on for the rest of the year? Share your thoughts.