Altcoin Season: ETH, XRP, Ada & Co.
Over the past few weeks, Bitcoin has made up for the total loss of the “Liberation Day”. The largest cryptocurrency is again above the psychologically important brand of $ 100,000 and flirting with the all -time high. This recovery also gave an elevator of alternative cryptocurrencies (“old coins”).
Beginnings of an “altcoin season”?
The term Altcoin Season describes a scenario for an initial Bitcoin house in which profits flow into the smaller cryptocurrencies. During this time, old coins develop better than Bitcoin because investors are looking for higher returns in smaller, less established assets. According to theory, such a phase begins with a significant increase in the second largest digital assets, Ethereum (Eth).
In fact, the first impulses of this development can be observed. Ethereum recorded the highest daily profit since 2021 on Thursday. It remains to be seen whether it is a short -term countermovement or sustainable trend reversal. Ethereum has developed far worse than Bitcoin since 2022. Measured by the ratio of the two cryptocurrencies (“ETH/BTC”), number two still acts at multi -year low stalls.
Ethereum, Dogecoin and Avalanche take the lead
ETH led the top 20 cryptocurrencies after market capitalization this week at +35.82%. Shortly afterwards, Dogecoin Doge (+31.69%) and Avalanche Avax (+22.75%) followed. In general, old coins closed the week in the green double -digit percentage range. The retail favorites XRP (+19.02%) and Cardano Ada (+19.44%) remained slightly behind the competition.
Only three cryptocurrencies have not cracked the+10%brand: Bitcoin BTC (+8.62%), BNB (+8.30%) and Tron Trx (+6.54%) over the last seven days. The trio had to lose less during the previous correction phase. At the sector level, the volatile narratives around AI cryptocurrencies, memoins and gaming performed particularly well.
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Risk.
Plants and investments, especially in cryptocurrencies, are generally associated with risk. The total loss of the capital invested cannot be excluded. Cryptocurrencies are very volatile and can therefore be exposed to extreme price fluctuations in a short time.
