Ethena's ENA token surges 48%, but altcoin season will have to wait
ENA is rallying on a $1 billion FalconX deal, while HYPE tests its record, though flat dominance shows this is no broad alt season.
Altcoin
An ‘altcoin season’ signal flashed, but bitcoin’s slide is what set it off
A widely watched indicator has flipped to “altcoin season,” for the opposite reason the label suggests. Glassnode’s Altcoin Cycle Signal, which reads above 50 when alternative coins, or alts, outperform bitcoin, has climbed to 86. Alts are not rallying. Bitcoin is just falling faster than… Read More
Crypto trader sees Hyperliquid, AI tokens leading next altcoin rally
Latest developments: Hyperliquid is outperforming much of the crypto market as traders rotate back into higher-risk assets. Hyperliquid’s HYPE token hit a new all-time high after two HYPE ETFs launched in the U.S. Van de Poppe said European traders have increasingly moved to Hyperliquid because… Read More
Analysts Tip Altcoin Season Despite Indexes At Bear Market Lows
Crypto analysts speculate the long-awaited altcoin season may not be far away now, but altcoin season indicators are painting a different picture for now. A “massive liquidity shift” later this year will lead to a “parabolic pump” for altcoins, predicted crypto analyst ‘Ash Crypto.’ The… Read More