Economist Henrik Zeberg Says Altcoins About To Kick Off Explosive Phase, Updates Outlook on dogwifhat and One Under-the-Radar Crypto
Economist Henrik Zeberg believes that the most explosive phase of the altcoin market is about to kick off. Zeberg tells his 182,800 followers on the social media platform X that the altseason, when altcoins outperform Bitcoin (BTC), is just getting started, and massive alt breakouts are likely to occur in the coming days. He says the Ethereum (ETH/BTC) ratio is flashing bullish for altcoins, after increasing since tapping a local low in late April. Analysts often use the ETH/BTC ratio as an indicator of potential altcoin seasons. “Altseason has already started. First slowly, later in a more explosive manner. I think we are max three to eight days away from the beginning of that explosive phase. ETH/BTC ratio tells us why… It is close to setting off in the explosive phase!” ETH/BTC is trading for 0.02478 BTC ($2,595) at time of writing. Zeberg suggests that certain altcoins will start breaking out at different times. “In the altseason it will ...