Altcoins
Here’s When Can Traders Expect Altcoin Season?
Amid a sluggish cryptocurrency market, analyst Altcoin Buzz has predicted an altcoin bottom this summer, followed by a surge towards the end of the year. This bullish prediction comes amidst notable movement in the altcoin sphere, with two particular altcoins experiencing surges.
Potential Altcoin Fund in June
According to Altcoin Buzz, historical chart patterns indicate a potential local price bottom for altcoins around early June. This projection is in line with the cryptographic analyst’s intuitions Rekt Capitale, who pointed out in a recent post that altcoins tend to bottom around the start of summer following specific market events. Despite the recent collapse in altcoin market capitalization, sentiment remains positive, with year-to-date gains still substantial.
Bitcoin’s Role in Altcoin Market Sentiment
Sentiment in the altcoin market is closely tied to Bitcoin’s performance, and analysts suggest that altcoins may hit local bottom as Bitcoin prices continue to show a post-halving consolidation phase.
Positive developments in the Altcoin ecosystem
Meanwhile, developments are underway in the altcoin ecosystem, contributing to market optimism. CET, a blockchain data infrastructure, announced the integration of the Peaq blockchain, aimed at improving real-world use cases and facilitating the development of event-driven applications. This integration is expected to provide developers with customizable live data streams, enabling the creation of innovative applications on the network.
Amid these developments, the altcoin market is witnessing notable increases in specific projects. Akash Network has risen nearly 50% in the past seven days, fueled by quarterly revenue growth and the introduction of user-friendly platforms for cloud service providers. Likewise, TONS cointhe Open Network’s native cryptocurrency, has seen a notable rally ahead of its planned token launch, supported by major exchanges offering pre-listing staking rewards.
In an effort to expand the token ecosystem for sports fans, 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 of popular football teams and enhance their sports and entertainment experiences through token-based rewards and activations.
Amid a sluggish cryptocurrency market, analyst Altcoin Buzz has predicted an altcoin bottom this summer, followed by a surge towards the end of the year. This bullish prediction comes amidst notable movement in the altcoin sphere, with two particular altcoins experiencing surges.
According to Altcoin Buzz, historical chart patterns indicate a potential local price bottom for altcoins around early June. This projection is in line with insights from crypto analyst Rekt Capital, who pointed out in a recent post that altcoins tend to bottom around the start of summer following specific market events. Despite the recent collapse in altcoin market capitalization, sentiment remains positive, with year-to-date gains still substantial.
Sentiment in the altcoin market is closely tied to Bitcoin’s performance, and analysts suggest that altcoins may hit local bottom as Bitcoin prices continue to show a post-halving consolidation phase.
Meanwhile, developments are underway in the altcoin ecosystem, contributing to market optimism. CET, a blockchain data infrastructure, announced the integration of the Peaq blockchain, aimed at improving real-world use cases and facilitating the development of event-driven applications. This integration is expected to provide developers with customizable live data streams, enabling the creation of innovative applications on the network.
Amid these developments, the altcoin market is witnessing notable increases in specific projects. Akash Network has grown nearly 50% in the last seven days, fueled by quarterly revenue growth and the introduction of user-friendly platforms for cloud service providers. Likewise, TON coin, the Open Network’s native cryptocurrency, has seen a notable rally ahead of the token’s planned launch, supported by major exchanges offering pre-listing staking rewards.
Sports fan token ecosystem expands with SBI Digital-Chiliz partnership
In an effort to expand the token ecosystem for sports fans, 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 of popular football teams and enhance their sports and entertainment experiences through token-based rewards and activations.
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