Saturday, March 25, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home EVM News Avalanche Network

Altcoins To Rise 13.5X This Altseason! Will These Factors Call A 50% Fall?

by ethozedge
May 2, 2022
in Avalanche Network
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


Highlights

  • Altcoins on perpetual futures are on the verge of dropping to a 50% lower support level.
  • Industry proponent’s alt season model foresees the possibility of a ~13.5X surge. 

 The folks from the crypto town have been longing for an alt season. Which has been distant from sight, over the past quarters. With just 60 days being left for the second half of the year to commence. The concerns around the alt season are now evident in the industry. The trajectory of altcoins has been similar to that of the past year when Bitcoin held lion’s share of the volumes.  

Successively, marketers from the business have been analysing and quantifying a myriad of charts and models. For instance, altcoins on perpetual futures are on the verge of dropping to a 50% lower support level. In contrast, an alt season model portrayed by an industry proponent foresees the possibility of a ~13.5X surge. 

Is This When An Altcoin Season Could Fall In Place?

 The performance of the majority of the altcoins has been relatively bland. With exceptional cases such as of ApeCoin and GMT. While the total market capitalization of the crypto industry at the time of publishing stands at $1.74 Trillion. The market capitalization of all the altcoins put together hovers around $1.06 Trillion. That said, the volume for the past 24-hours is presently at $60.5 Billion.

Bitcoin continues to dominate the industry with its market share of 42.5%, in comparison to that of Ethereum’s 19.62%. With Ethereum’s merger nowhere in sight, the alt season would be out of reach in the month of May. The chart of altcoin’s perpetual futures shows that altcoins are bouncing at an important horizontal support level. Which is getting weaker and weaker, that said, the next support is 50% lower. 

According to the model shared by a proponent, the total market cap of the industry except Bitcoin and Ethereum. Is expected to grow by ~13.5 folds by May of 2023, the propulsion translates to ~2150%. 

According to the psychological chart shared by a renowned industry analyst. The crypto assets have traversed from disbelief. With halts at hope, optimism, belief, thrill, euphoria, complacency, anxiety, denial, panic, capitulation, anger, and depression. The market’s psychology has now parted ways with disbelief, and the trajectory could repeat history. 

Summing up, potential altcoins such as Terra, Avalanche, Polygon, Chainlink, Decentraland, and The Sandbox. Hold the potential to attract institutional investments from giants such as Grayscale, and Ark Invest, amongst others. If materialized these could probably steal Bitcoin’s pie during the alt season. That said, the bull run of altcoins could possibly commence ahead of June.

Was this writing helpful?





Source link

Tags: 135XAltcoinsAltseasonbitcoin newsCallcrypto analysiscrypto newsEthoz EdgeFactorsFallLatest bitcoin newslatest crypto newsRise
Share76Tweet47

Related Posts

Is There a Sunny Outlook for Solana?

by ethozedge
March 23, 2023
0

There was a period, back in the euphoria of crypto’s 2021 bull market period, when Solana was the blockchain name...

TYB launches on Shopify and uses Avalanche to engage customers

by ethozedge
March 23, 2023
0

Avalanche has announced a big advancement that strengthens the Web3 environment and will likely accelerate the community’s acceptance of it....

How to Earn Free Cryptocurrency in 2023?

by ethozedge
March 21, 2023
0

Finding a way to earn free cryptocurrency is understandably something that many cryptocurrency investors are interested in. While there are...

Bware Labs roadmap and commitment to web3 builders

by ethozedge
March 21, 2023
0

Bware Labs is a Blockchain infrastructure provider that was founded in 2021 with the purpose of contributing to the rise...

Dubai’s DMCC Crypto Center and Enya Labs Join Forces to Drive Web3 Growth

by ethozedge
March 21, 2023
0

Key highlights DMCC will use the infrastructure solutions from Enya Labs to scale its Web3 business through Boba Network, which...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Crypto Trader Maps Path Forward for Aptos and Chainlink, Predicts Altcoins Will Fly Once Bitcoin Cools Off

March 25, 2023

Billionaire VC Tim Draper Tells Businesses To Keep Payroll In Bitcoin

March 25, 2023

Why We Opened The Belgrade Bitcoin Hub

March 25, 2023

Bitcoin Was a Winner During the U.S. Banking Crisis, but Illiquidity Prevents It From Being a USD Hedge

March 25, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,843.00-0.66%
  • ethereumEthereum(ETH)$1,766.14-0.28%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.010.25%
  • binancecoinBNB(BNB)$326.061.21%
  • usd-coinUSD Coin(USDC)$1.010.24%
  • rippleXRP(XRP)$0.4636757.58%
  • cardanoCardano(ADA)$0.3629340.07%
  • dogecoinDogecoin(DOGE)$0.0756751.03%
  • staked-etherLido Staked Ether(STETH)$1,764.29-0.29%
  • matic-networkPolygon(MATIC)$1.110.64%
  • binance-usdBinance USD(BUSD)$1.010.37%
  • solanaSolana(SOL)$20.92-1.06%
  • polkadotPolkadot(DOT)$6.06-0.71%
  • litecoinLitecoin(LTC)$92.850.91%
  • shiba-inuShiba Inu(SHIB)$0.0000110.99%
  • tronTRON(TRX)$0.0644310.28%
  • avalanche-2Avalanche(AVAX)$16.88-1.77%
  • daiDai(DAI)$1.000.34%
  • uniswapUniswap(UNI)$5.85-2.05%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,897.00-0.61%
  • chainlinkChainlink(LINK)$7.16-2.43%
  • cosmosCosmos Hub(ATOM)$11.320.02%
  • leo-tokenLEO Token(LEO)$3.39-0.58%
  • ToncoinToncoin(TON)$2.11-0.01%
  • moneroMonero(XMR)$165.344.26%
  • ethereum-classicEthereum Classic(ETC)$20.511.27%
  • okbOKB(OKB)$42.35-2.03%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.0928814.01%
  • bitcoin-cashBitcoin Cash(BCH)$127.381.50%
  • filecoinFilecoin(FIL)$5.59-0.70%
  • AptosAptos(APT)$12.01-4.00%
  • true-usdTrueUSD(TUSD)$1.010.52%
  • hedera-hashgraphHedera(HBAR)$0.0609320.90%
  • lido-daoLido DAO(LDO)$2.11-2.59%
  • quant-networkQuant(QNT)$124.051.13%
  • crypto-com-chainCronos(CRO)$0.0690550.30%
  • nearNEAR Protocol(NEAR)$1.97-2.09%
  • vechainVeChain(VET)$0.023199-0.10%
  • ArbitrumArbitrum(ARB)$1.27-7.02%
  • apecoinApeCoin(APE)$4.192.44%
  • algorandAlgorand(ALGO)$0.2121330.26%
  • internet-computerInternet Computer(ICP)$5.00-0.52%
  • blockstackStacks(STX)$0.99-6.40%
  • fantomFantom(FTM)$0.460858-0.69%
  • eosEOS(EOS)$1.16-2.39%
  • the-graphThe Graph(GRT)$0.142042-1.85%
  • the-sandboxThe Sandbox(SAND)$0.640.49%
  • decentralandDecentraland(MANA)$0.600.25%
  • elrond-erd-2MultiversX(EGLD)$42.55-0.78%
  • fraxFrax(FRAX)$1.000.26%
  • aaveAave(AAVE)$72.89-1.83%
  • tezosTezos(XTZ)$1.13-1.23%
  • theta-tokenTheta Network(THETA)$1.020.12%
  • flowFlow(FLOW)$0.98-1.13%
  • immutable-xImmutableX(IMX)$1.08-7.52%
  • axie-infinityAxie Infinity(AXS)$8.450.63%
  • neoNEO(NEO)$12.23-4.00%
  • kucoin-sharesKuCoin(KCS)$8.81-0.75%
  • havvenSynthetix Network(SNX)$2.50-2.98%
  • paxos-standardPax Dollar(USDP)$1.010.00%
  • rocket-poolRocket Pool(RPL)$38.65-1.22%
  • BitDAOBitDAO(BIT)$0.52-0.04%
  • WhiteBIT TokenWhiteBIT Token(WBT)$5.102.17%
  • gatechain-tokenGate(GT)$5.17-1.91%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001230.03%
  • curve-dao-tokenCurve DAO(CRV)$0.941.78%
  • usddUSDD(USDD)$1.000.17%
  • mina-protocolMina Protocol(MINA)$0.83-2.96%
  • bitcoin-cash-svBitcoin SV(BSV)$37.070.96%
  • optimismOptimism(OP)$2.27-1.06%
  • klay-tokenKlaytn(KLAY)$0.228562-0.54%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.740.88%
  • conflux-tokenConflux(CFX)$0.327343-4.13%
  • dashDash(DASH)$60.19-2.78%
  • chilizChiliz(CHZ)$0.1211271.28%
  • sapphireSapphire(SAPP)$0.7035.32%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • makerMaker(MKR)$676.400.04%
  • gmxGMX(GMX)$70.25-2.10%
  • ecasheCash(XEC)$0.0000310.92%
  • huobi-tokenHuobi(HT)$3.68-2.04%
  • bittorrentBitTorrent(BTT)$0.0000011.54%
  • iotaIOTA(MIOTA)$0.208322-0.49%
  • frax-shareFrax Share(FXS)$7.890.96%
  • singularitynetSingularityNET(AGIX)$0.462832-5.38%
  • Bitget TokenBitget Token(BGB)$0.3998841.46%
  • xdce-crowd-saleXDC Network(XDC)$0.0395344.18%
  • compound-ethercETH(CETH)$35.44-0.65%
  • EdgecoinEdgecoin(EDGT)$1.010.26%
  • pax-goldPAX Gold(PAXG)$2,006.010.07%
  • trust-wallet-tokenTrust Wallet(TWT)$1.201.61%
  • Tokenize XchangeTokenize Xchange(TKX)$6.24-1.80%
  • tether-goldTether Gold(XAUT)$1,988.340.00%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • zilliqaZilliqa(ZIL)$0.027550-0.30%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • FlareFlare(FLR)$0.03631210.12%
  • compound-usd-coincUSDC(CUSDC)$0.0229000.06%
  • osmosisOsmosis(OSMO)$0.800.11%
  • render-tokenRender(RNDR)$1.19-5.09%
  • loopringLoopring(LRC)$0.343491-1.20%
  • radixRadix(XRD)$0.041926-1.35%
  • 1inch1inch(1INCH)$0.51-0.50%
  • nexoNEXO(NEXO)$0.754.67%
  • mask-networkMask Network(MASK)$5.53-6.71%
  • thorchainTHORChain(RUNE)$1.40-0.44%
  • arweaveArweave(AR)$8.200.06%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,891.85-0.33%
  • oec-tokenOKC Token(OKT)$22.53-0.34%
  • kavaKava(KAVA)$0.870.08%
  • fetch-aiFetch.ai(FET)$0.3769602.47%
  • gemini-dollarGemini Dollar(GUSD)$1.000.18%
  • enjincoinEnjin Coin(ENJ)$0.3930790.52%
  • convex-financeConvex Finance(CVX)$5.150.33%
  • cdaicDAI(CDAI)$0.022218-0.11%
  • casper-networkCasper Network(CSPR)$0.0355680.52%
  • zcashZcash(ZEC)$36.12-0.53%
  • btse-tokenBTSE Token(BTSE)$2.37-0.19%
  • DeFiChainDeFiChain(DFI)$0.56-1.56%
  • EthereumPoWEthereumPoW(ETHW)$3.430.05%
  • dydxdYdX(DYDX)$2.38-3.76%
  • basic-attention-tokenBasic Attention(BAT)$0.240549-1.34%
  • DogechainDogechain(DC)$0.001787-24.98%
  • nemNEM(XEM)$0.0394440.14%
  • FLOKIFLOKI(FLOKI)$0.0000370.80%
  • ethereum-name-serviceEthereum Name Service(ENS)$13.36-1.00%
  • WEMIXWEMIX(WEMIX)$1.38-1.16%
  • Nexus MutualNexus Mutual(NXM)$49.56-2.07%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-1.04%
  • BeldexBeldex(BDX)$0.06344014.14%
  • woo-networkWOO Network(WOO)$0.196076-0.53%
  • qtumQtum(QTUM)$3.14-3.70%
  • Aleph ZeroAleph Zero(AZERO)$1.47-0.52%
  • decredDecred(DCR)$21.73-0.17%
  • theta-fuelTheta Fuel(TFUEL)$0.052899-0.52%
  • injective-protocolInjective(INJ)$3.98-5.91%
  • holotokenHolo(HOT)$0.001796-2.26%
  • MagicMagic(MAGIC)$1.49-3.98%
  • terra-luna-2Terra(LUNA)$1.300.13%
  • ravencoinRavencoin(RVN)$0.026012-0.69%
  • kusamaKusama(KSM)$33.49-0.20%
  • galaGALA(GALA)$0.039872-1.27%
  • celoCelo(CELO)$0.61-1.10%
  • KaspaKaspa(KAS)$0.016955-0.85%
  • compound-governance-tokenCompound(COMP)$42.79-0.61%
  • bitcoin-goldBitcoin Gold(BTG)$16.62-0.10%
  • oasis-networkOasis Network(ROSE)$0.057378-1.69%
  • olympusOlympus(OHM)$10.310.53%
  • Gains FarmGains Farm(GFARM2)$7,940.81-1.58%
  • gnosisGnosis(GNO)$108.33-0.91%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000001.52%
  • Access ProtocolAccess Protocol(ACS)$0.009222-1.07%
  • yearn-financeyearn.finance(YFI)$8,336.77-1.64%
  • AstarAstar(ASTR)$0.0625831.79%
  • balancerBalancer(BAL)$6.802.53%
  • linkLINK(LN)$40.38-3.15%
  • ankrAnkr Network(ANKR)$0.033230-4.24%
  • audiusAudius(AUDIO)$0.271992-0.13%
  • liquity-usdLiquity USD(LUSD)$1.020.37%
  • chiaChia(XCH)$38.502.94%
  • omisegoOMG Network(OMG)$1.88-8.99%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.134.33%
  • harmonyHarmony(ONE)$0.0208960.61%
  • nucypherNuCypher(NU)$0.195972-1.67%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • huobi-btcHuobi BTC(HBTC)$27,854.000.67%
  • SSV NetworkSSV Network(SSV)$35.062.16%
  • stepnSTEPN(GMT)$0.388105-1.97%
  • iotexIoTeX(IOTX)$0.025937-1.26%
  • AstraferAstrafer(ASTRAFER)$1.56-0.21%
  • golemGolem(GLM)$0.2413790.65%
  • convex-crvConvex CRV(CVXCRV)$0.811.16%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • justJUST(JST)$0.0260760.13%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • DAO MakerDAO Maker(DAO)$1.551.00%
  • escoin-tokenEscoin(ELG)$2.840.78%
  • moonbeamMoonbeam(GLMR)$0.376399-2.47%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • BlurBlur(BLUR)$0.53-1.24%
  • tether-eurtEuro Tether(EURT)$1.080.51%
  • band-protocolBand Protocol(BAND)$1.794.96%
  • jasmycoinJasmyCoin(JASMY)$0.004671-2.10%
  • Frax EtherFrax Ether(FRXETH)$1,767.83-0.25%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • Gains NetworkGains Network(GNS)$7.23-3.64%
  • kadenaKadena(KDA)$0.97-2.22%
  • ecomiECOMI(OMI)$0.000807-1.31%
  • amp-tokenAmp(AMP)$0.003873-0.79%
  • wavesWaves(WAVES)$2.16-0.44%
  • siacoinSiacoin(SC)$0.004059-0.77%
  • iconICON(ICX)$0.219239-1.02%
  • heliumHelium(HNT)$1.4515.50%
  • terrausdTerraClassicUSD(USTC)$0.0209461.53%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%