X Explodes With Altcoin Talk, but Experts Say the Rally Isn’t Here

- Analysts say altcoin season hype lacks proof, and retail traders are still missing.
- ALT/BTC pairs remain weak as bots and insiders dominate low-liquidity trading.
- CMC index sits at 24, far below the level needed to confirm a true altcoin rally.
The X platform is seeing a lot of discussion about altcoin season, but experts think that the time is not quite right yet. Bitcoin is rising sharply, but most other altcoins have not changed much in price. According to experts, there is no strong proof of real momentum behind this trend. Most of the hype comes from online conversations, not from real market analysis. Retail participation has yet to materialize, and key indicators suggest a modest move forward.
According to Analyst VirtualBacon, the market’s strength is not what it appears to be. Even though bitcoin dominance is going up, most smaller coins are not making much progress. The CoinMarketCap Altcoin Season Index is currently at 24.…
The post X Explodes With Altcoin Talk, but Experts Say the Rally Isn’t Here appeared first on Coin Edition.
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X Explodes With Altcoin Talk, but Experts Say the Rally Isn’t Here

- Analysts say altcoin season hype lacks proof, and retail traders are still missing.
- ALT/BTC pairs remain weak as bots and insiders dominate low-liquidity trading.
- CMC index sits at 24, far below the level needed to confirm a true altcoin rally.
The X platform is seeing a lot of discussion about altcoin season, but experts think that the time is not quite right yet. Bitcoin is rising sharply, but most other altcoins have not changed much in price. According to experts, there is no strong proof of real momentum behind this trend. Most of the hype comes from online conversations, not from real market analysis. Retail participation has yet to materialize, and key indicators suggest a modest move forward.
According to Analyst VirtualBacon, the market’s strength is not what it appears to be. Even though bitcoin dominance is going up, most smaller coins are not making much progress. The CoinMarketCap Altcoin Season Index is currently at 24.…
The post X Explodes With Altcoin Talk, but Experts Say the Rally Isn’t Here appeared first on Coin Edition.
Read More
