As the cryptocurrency market evolves, altcoins have gradually become the focus of investors’ attention. Renowned cryptocurrency analyst Nicholas Merten recently said that altcoin season has officially begun. Based on market data and trend analysis, he highlighted several signals that altcoins are expected to see strong growth in the near future. This article will explore how to seize investment opportunities during altcoin season through market data analysis, changes in Bitcoin dominance, and capital flow trends.
Nicholas Merten analyzed the performance of the altcoin market through a chart of the total cryptocurrency market capitalization that excludes the top ten tokens. He noted that this chart effectively measures the overall strength of the altcoin market. Data shows that since June 2024, the altcoin market capitalization has returned to an important resistance level and shown a strong rebound trend. This performance indicates that the altcoin market is gaining momentum and preparing to break through the current price range.
Additionally, the market cap of altcoins has consistently remained above the 200-day moving average (200-day MA), a technical indicator often considered a sign of market health and growth potential. Merten pointed out that this is an important index for the upward movement of the altcoin market. He pointed out that the current state of the market is closely related to changes in the market dominance of Bitcoin (BTC.D), and the combination of the two lays the foundation for a further rise in altcoins.
Changes in Bitcoin Dominance: An Opportunity for Altcoin Rise
Bitcoin Dominance (BTC.D) is an important indicator measuring the market capitalization of Bitcoin as a percentage of the entire cryptocurrency market. In recent years, Bitcoin’s position as “digital gold” has become increasingly solid, with its market capitalization continuing to grow. However, Nicholas Merten noted that BTC.D has recently formed a clear trend, which may indicate a gradual weakening of Bitcoin’s dominance.
He analyzed that since the beginning of 2024, the market capitalization of Bitcoin has increased by approximately $1-1.5 trillion and this new capital is likely to gradually flow into the altcoin market. Especially after the BTC.D summit was confirmed, market funds may shift from Bitcoin to altcoin projects with greater potential. This trend suggests that altcoins will likely experience a significant growth cycle in the coming months.
Altcoin season hasn’t fully arrived yet, which means there’s still time to prepare and buy some of the most promising cryptocurrencies that could see extraordinary growth in the future. With this in mind, here are some projects still in presale that you might consider purchasing immediately ahead of their peak during altcoin season.
Altcoin Recommendation 1: Pepe Unchained (PEPU)
++Pepe unleashed++ is a rising star in the meme coin market, aiming to surpass its predecessor Pepe ($PEPE) with bold innovations in technology and market strategy. As the first coin with its own blockchain, $PEPU not only provides a faster, cheaper and more scalable trading environment, but also plans to establish its own ecosystem. This allows the project to stand out among the many meme pieces.
Currently, the $PEPU ICO has raised over $53 million and continues to grow at the rate of millions of dollars per day. As a token still in the pre-sale phase, $PEPU is priced at just $0.01295, making it a not-to-be-missed opportunity for early investors. As the pre-sale comes to an end, the price could see explosive growth once the project gets listed on Tier 1 exchanges.
Altcoin Recommendation 2: CatSlap: The Fast-Growing Cat Meme Coin
I just launched, ++CatSlap++ ++($SLAP)++ saw its price rise 5,000% in 48 hours, with its market capitalization jumping from $1 million to $50 million. This performance has put it in the spotlight of the meme coin market, especially with the stable support of the Uniswap liquidity pool, $SLAP demonstrates some market stability.
CatSlap isn’t just another coin; it combines decentralized finance (DeFi) and gamified innovation. The project has launched a “Click-to-Slap” game and plans to integrate more play-to-earn (P2E) features to attract a wider user base. Additionally, its development team would be associated with successful projects such as Dogwifhat and Peanut the Squirrel, further building market confidence in $SLAP.
In technical price analysis, $SLAP currently has a support level at $0.003 and a resistance level at $0.0035. If market trading volume remains high, its price could reach $0.004 or even higher. Compared to its competitor Popcat, CatSlap’s early momentum and future potential position it well to challenge higher market caps.
++Crypto All-Stars++ combines meme coins with a staking platform, providing users with various earning opportunities. Its main product, MemeVault, is a smart contract staking platform that supports various meme coins including Dogecoin, Floki, and Pepe. This feature makes Crypto All-Stars a staking platform for meme coins, attracting the attention of investors.
The STARS token is currently priced at $0.0016189 with its ICO having raised over $6 million and plans to further expand its support for meme coins. As the project continues to grow, Crypto All-Stars is poised to become a significant player in the meme coin market.
Conclusion
As market data and trends gradually become clearer, the arrival of altcoin season presents a rare opportunity for investors. Against the backdrop of Bitcoin’s waning dominance and the influx of capital into the altcoin market, the coming months could become a golden period for the rise of altcoins. However, the cryptocurrency market is inherently volatile and investors must be well prepared to manage risks while seizing opportunities.
By focusing on market data, selecting quality projects, and closely monitoring institutional capital movements, investors can find ideal investment strategies during the altcoin season to maximize returns while minimizing risks potential. Seizing this cycle could provide a solid foundation for future wealth accumulation.
Best Wallet launched the “Upcoming Tokens” feature, enabling convenient participation in pre-sales of new projects, improving investment opportunities and user experience. With the “Upcoming Tokens” feature, users can participate directly in pre-sales within the Best Wallet app. If you want to check the tokens you purchased, simply import your purchase wallet into Best Wallet to view the current value of the tokens.
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