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.
Season
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
10% Decline Amid Crypto Selloff; Rewards Season 1 Coming
Chainlink’s LINK token fell 10% on Monday, plunging to its weakest price since the October 10 flash crash breaking down key support levels. Trading activity spiked 674% above the 24-hour average at the height of the breakdown, with over 12 million LINK changing hands as… 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