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- Gate Futures Trading Incentive Program is Live! Zero Barries to Share 50,000 ERA
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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
#Altcoin Season Coming?#
Famous Analyst Claims: "Altcoin Season Has Started" – Here Are Their Opinions
Crypto analyst Miles Deutscher claimed in his latest video that the altcoin season has begun.
Crypto analyst Miles Deutscher claimed that the altcoin season has begun based on the data from an artificial intelligence model and a special dashboard.
In a YouTube video, Deutscher stated that, contrary to the popular altcoin season index, the current state of the market indicates a positive period for altcoins. According to the analyst, approximately 70% of the top 50 altcoins are performing better than Bitcoin on a monthly basis.
Deutsche suggested that the drop of Bitcoin dominance below a significant support level for the first time since November 2024 has led to a change in market momentum. He stated that the main driving force behind this change is the increasing positive expectations towards Ethereum. He argued that ETH ETFs, new regulatory frameworks, and institutional interest have strengthened Ethereum, and that this situation provides the necessary "firepower" for the overall rise of the altcoin market.
He also added that he analyzed the charts against ETH to track the performance of altcoins compared to Ethereum.
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