Token

Cryptocurrency

Akash Network

Rekt

<p>The post <a href="https://coinpedia.org/news/heres-when-traders-can-expect-altcoin-season/" rel="noopener noreferrer nofollow">Here’s When Traders Can Expect Altcoin Season?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>In the midst of a sluggish crypto market, analyst Altcoin Buzz has forecasted a bottoming out of altcoins this summer, followed by a surge towards the end of the year. This bullish prediction comes amid notable movements in the altcoin sphere, with two particular altcoins experiencing surges.</p>
<h2 class="wp-block-heading" id="h-potential-altcoin-bottom-in-june">Potential Altcoin Bottom in June</h2>
<p>According to Altcoin Buzz, historical chart patterns indicate a potential local price bottom for altcoins around the onset of June. This projection aligns with insights from crypto analyst <a href="https://coinpedia.org/news/bitcoin-price-prediction-analyzing-the-etf-surge-and-bitcoins-stability-post-halving/" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital</a>, who stressed in a recent post that altcoins tend to bottom out around early summer following specific market events. Despite a recent slump in the altcoin market cap, sentiment remains positive, with year-to-date gains still substantial.</p>
<h2 class="wp-block-heading" id="h-bitcoin-s-role-in-altcoin-market-sentiment">Bitcoin’s Role in Altcoin Market Sentiment</h2>
<p>The sentiment in the altcoin market is intricately linked with Bitcoin’s performance, and analysts suggest that altcoins could find their local bottom as Bitcoin prices continue to exhibit a consolidation phase post-halving.&nbsp;</p>
<h2 class="wp-block-heading" id="h-positive-developments-in-the-altcoin-ecosystem">Positive Developments in the Altcoin Ecosystem</h2>
<p>Meanwhile, developments are underway in the altcoin ecosystem, contributing to market optimism. CET, a blockchain data infrastructure, has announced the integration of Peaq blockchain, aimed at enhancing real-world use cases and facilitating the development of event-driven applications. This integration is anticipated to provide developers with customizable live data streams, enabling the creation of innovative applications on the network.</p>
<p>Amidst these developments, the altcoin market is witnessing notable surges in specific projects. <a href="https://markets.coinpedia.org/akash-network/" target="_blank" rel="noopener noreferrer nofollow">Akash Network</a> has surged nearly 50% in the last seven days, fueled by quarterly revenue growth and the introduction of user-friendly platforms for cloud providers. Similarly, <a href="https://coinpedia.org/price-prediction/toncoin-price-prediction-2024-2030-will-ton-price-hit-10-in-q2/" target="_blank" rel="noopener noreferrer nofollow">TON coin</a>, the native cryptocurrency of the Open Network, has experienced a substantial rally ahead of its anticipated token launch, supported by major exchanges offering pre-listing staking rewards.</p>
<p>In a bid 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 provide Japanese fans with access to fan tokens from popular football clubs and enhance their sports and entertainment experiences through token-based rewards and activations.</p>
<p>In the midst of a sluggish crypto market, analyst Altcoin Buzz has forecasted a bottoming out of altcoins this summer, followed by a surge towards the end of the year. This bullish prediction comes amid notable movements in the altcoin sphere, with two particular altcoins experiencing surges.</p>
<p>According to Altcoin Buzz, historical chart patterns indicate a potential local price bottom for altcoins around the onset of June. This projection aligns with insights from crypto analyst Rekt Capital, who stressed in a recent post that altcoins tend to bottom out around early summer following specific market events. Despite a recent slump in the altcoin market cap, sentiment remains positive, with year-to-date gains still substantial.</p>
<p>The sentiment in the altcoin market is intricately linked with Bitcoin’s performance, and analysts suggest that altcoins could find their local bottom as Bitcoin prices continue to exhibit a consolidation phase post-halving.&nbsp;</p>
<p>Meanwhile, developments are underway in the altcoin ecosystem, contributing to market optimism. CET, a blockchain data infrastructure, has announced the integration of Peaq blockchain, aimed at enhancing real-world use cases and facilitating the development of event-driven applications. This integration is anticipated to provide developers with customizable live data streams, enabling the creation of innovative applications on the network.</p>
<p>Amidst these developments, the altcoin market is witnessing notable surges in specific projects. Akash Network has surged nearly 50% in the last seven days, fueled 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 experienced a substantial rally ahead of its anticipated token launch, supported by major exchanges offering pre-listing staking rewards.</p>
<h2 class="wp-block-heading" id="h-sports-fan-token-ecosystem-expands-with-sbi-digital-chiliz-partnership">Sports Fan Token Ecosystem Expands with SBI Digital-Chiliz Partnership</h2>
<p>In a bid 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 provide Japanese fans with access to fan tokens from popular football clubs and enhance their sports and entertainment experiences through token-based rewards and activations.</p>
<p>Also Check Out : <a href="https://coinpedia.org/news/uniswap-founder-cardanos-hoskinson-and-mark-cuban-reveals-cryptos-influence-on-the-next-u-s-presidential-elections/" rel="noopener noreferrer nofollow">Cryptocurrency Could Sway US Elections: Industry Leaders Cuban &amp; Hoskinson Speak Out</a></p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe title="AI Crypto - The 300X Opportunity Most Will Miss! It's not Render RNDR" width="1220" height="686" src="https://www.youtube.com/embed/TcE2MoBL6aA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>

Here’s When Traders Can Expect Altcoin Season?

Table of Contents

CoinPedia News

Other articles published on May 13, 2024

Shiba Inu (SHIB) and Floki (FLOKI) Struggle Amid Pepe (PEPE) Surge

Is Bullish Trend on Horizon for Bitcoin and Altcoins? Gareth Soloway’s Pre-Election Prediction

Price analysis 5/13: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

Bitcoin Faces Potential Price Adjustment

Shiba Inu (SHIB) May Skyrocket 20% If This Happens

SHIB or FLOKI: Which memecoin should you bet on today?

Join our free newsletter for daily crypto updates!