Equal

Bull Market

Bitcoin

Polygon

Chainlink

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/how-soon-will-altcoin-bull-market-begin" data-wpel-link="internal" rel="noopener noreferrer nofollow">How Soon Will Altcoin Bull Market Begin?</a><br></p>
<p style="text-align: justify">The cryptocurrency community is eagerly anticipating a surge in altcoin values, with Bitcoin trading below $64,650. The prolonged bearish trend in Bitcoin has severely impacted altcoins, driving some to their 2023 levels or even lower. Currently, multiple altcoins are nearing their prices from when Bitcoin was around $53,500, raising questions about the timing of the altcoin <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">bull market</a>.</p>
<h2 id="when-is-the-altcoin-bull-market">When is the Altcoin Bull Market?</h2>
<p style="text-align: justify">Ki Young Ju, founder of CryptoQuant, is a highly regarded figure in the crypto <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">space</a>, particularly in on-chain analysis. Although he foresees medium to long-term growth, he frequently emphasizes short-term risks. Recently, Young Ju spoke about the altcoin bull market, noting the “1-Year Cumulative Bid/Ask Volume Difference” metric, which assesses the yearly disparity between buy and sell orders. This metric shows that whales are increasingly using limit orders to avoid price slippage, suggesting the emergence of strong buy walls.</p>
<p style="text-align: justify">Altcoins like Solana, Polygon (MATIC), Cardano, Cosmos (ATOM), PancakeSwap (CAKE), ALICE, Ampera (AMP), Ankr Protocol (ANKR), and Chilliz token (CHZ) are gaining attention. In contrast, <a href="https://en.bitcoinhaber.net/significant-whale-movements-amidst-market-uncertainty-for-ripples-xrp" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>, Chainlink (LINK), BNB, COMP, BNT, and AAVE show weaker demand. The signals indicate that the altcoin bull market may be imminent, projecting a strong upward phase by year-end. However, many altcoins are still struggling significantly.</p>
<h2 id="has-the-altcoin-bull-market-arrived">Has the Altcoin Bull Market Arrived?</h2>
<p style="text-align: justify">Crypto analyst Jamie Coutts believes that the altcoin market has bottomed out and a rally is imminent, based on the Top 200 Equal Weight Index, which compares the price performance of the top 200 cryptocurrencies by market value with Bitcoin. Coutts is confident that the end of the selling phase has been reached.</p>
<p style="text-align: justify">Meanwhile, another analyst known as Mags argues that the accumulation phase for altcoins is ongoing but nearing its end. Mags predicts a final pullback before a significant rise, following accumulation periods exceeding 500 days, during which altcoins are expected to rally.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">Investors can draw the following actionable inferences from the current market situation:</p>
<ul>
 <li>Monitor the 1-Year Cumulative Bid/Ask Volume Difference metric for shifts in buy and sell orders.</li>
 <li>Pay attention to whale activity in the market, particularly their use of limit orders.</li>
 <li>Consider focusing on altcoins like Solana, Polygon (MATIC), and Cardano that are showing stronger demand.</li>
 <li>Be cautious with altcoins displaying weaker demand, such as XRP and Chainlink (LINK).</li>
 <li>Prepare for a potential final pullback before a significant rise in altcoin values.</li>
</ul>
<p style="text-align: justify">Overall, the anticipated altcoin bull market could be around the corner, but vigilance and strategic investments remain crucial.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/how-soon-will-altcoin-bull-market-begin" data-wpel-link="internal" rel="noopener noreferrer nofollow">How Soon Will Altcoin Bull Market Begin?</a></h5>

How Soon Will Altcoin Bull Market Begin?

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