Altseason alert: Here’s why Altcoins are about to boom
Cryptocurrencies are heating up as a bullish momentum grows in the cryptocurrency market, especially around what is known as “altcoins.” The total capitalization of all cryptocurrencies except Bitcoin (BTC) and Ethereum (ETH) broke out of a downtrend, signaling an altseason is starting. Finbold looked at TradingView ‘s TOTAL3 crypto index, summing up the market cap of all cryptocurrencies excluding the two leaders. With a $614.64 billion capitalization, the altcoins are starting a strong momentum, breaking out of a six-month downtrend. Notably, TOTAL3 made three subsequent lower highs since the 2024 highs in late March, creating significant resistance. The index tested this downtrend line from September 21 to 23, breaking out the resistance on September 24. Picks for you Hermetica brings its synthetic dollar USDh to Stacks...