“Altcoin Fire” begins: Bear season fears are exaggerated

📈 The lower season has not even started yet

Michaël Van de Poppe, a crypto investor and founder of MN Trading Capital, strongly rejected the rhetoric about “Altcoin season is over” with an X (Old Twitter) sharing on May 28th. According to Van de Poppe:

“Altcoins are still at the bottom levels. I don’t understand why people are coming from the bear market.” “The next 12-24 months will be the easy period in the market.”

With this output, many investors’ minds “Rally is over?” He gave a clear answer to the question.

🔥 “Altcoins will rise like a fire”

Van de poppe is not alone. Many other well -known crypto investors have just started the Altcoin season:

Davinci Jeremie: “Altcoins will soon turn into a fire.”

Mousache: “Altseason is not just a breast. It really comes, ladies, gentlemen.”

Although many indicators of the market still point to the dominance of Bitcoin, the increase in the ETH/BTC rate, especially for subcoins, may indicate that the end of the accumulation process is approaching.

🧮 What does the data say?

🔹 ETH/BTC ratio

26.74 %increase in 30 days

Current Ratio: 0.0243

This data suggests that Ethereum has gained strength against Bitcoin and that this movement often points to the beginning of Altcoin seasons.

🔹 CoinMarketCap Altcoin Season Index

Score: 24/100

This shows that the market is predominantly Bitcoin -oriented.

In the last 30 days, although it increases by 17.84 %to 175 dollars in the last 30 days, it is still 32 %below its level on January 19. XRP is traded at $ 2.31 with an increase of 1.98 %, but since the New Year, the loss has been 29.35 %.

On the other hand, among the most remarkable subcoins of the last 90 days, Fartcoin (Fartcoin) was almost at the top with 316.72 %. It was followed by Four (Form) and Virtuals Protocol (Virtual) with a rise of 148.15 %and 107.47 %.

These data show that many Altcoins are still at bottom levels and that the upward potential continues significantly.

🎯 EVALUATION

The opinion that the Altcoin season is not over, but the opinion that it has not yet started, is gaining strength. Many Altcoins, which are in the market, have great potential for mobility in the coming months. The increase in ETH/BTC rate, the improvement in investor psychology, and the positive outputs of Altcoin leaders show that we can be on the verge of “a new wild ascension ..

“Altcoins will soon turn into a fire.” - DAVinci Jeremie