Top trader HenrikZeberg explains why AltcoinSeason is close
In the last seven days, 8 out of 10 largest alternative cryptocurrencies by market capitalization witnessed double-digit losses. Binance Coin is the strongest performer as its cap only dropped by 1.5%.Bitcoin dominance jumped to multi-month highs in April
As covered by U.Today previously, some of the biggest altcoin seasons in the past were preceded by meme coins rallying. During the past weeks, some shady meme cryptos, including Pepe and ArbDoge AI , printed enormous gains.Some of these cryptos have too many red flags: their supply is controlled by whales, and the owners of the contract can voluntarily blacklist holders.
Zeberg is very far from being the only speaker to predict an"altcoin season." Veteran crypto entrepreneur and investor Arthur Hayes, co-founder of BitMEX, declared an"altszn" on April 14, 2023.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/INR Price Analysis: Remains confined in a narrow trading band, holds above 82.00 markThe USD/INR pair struggles to gain any meaningful traction on Friday and oscillates in a narrow trading band above the 82.00 mark heading into the Eur
Read more »
A beginner’s guide to cryptocurrency trading strategiesCryptocurrency trading strategies for beginners: because who needs a stable financial future anyway? Don't forget to stay alert for potential issues in the world of digital assets.
Read more »
Son of wrestling legend 'The Million Dollar Man' charged in welfare scandal involving Brett FavreFormer pro wrestler Theodore “Ted” DiBiase Jr. has been charged with federal fraud and theft in connection with the Mississippi welfare scandal involving Brett Favre. Prosecutors say DiBiase used millions in state aid to buy a vehicle and a boat.
Read more »
John Legend on 'Embarrassing' Request His Kids Make on Way to SchoolThe singer revealed his kids' adorable request during an appearance on 'The Late Late Show.'
Read more »
Million-dollar son charged in million-dollar scam that also embroiled NFL legend Brett FavreFormer pro wrestler Ted DiBiase Jr. whose father was WWE’s “million dollar man”, has been charged with misappropriating millions meant to feed needy kids.
Read more »
'Put your weed in the air:' Music legend rings in San Francisco’s 420Cannabis fans descended on San Francisco’s Golden Gate Park on Thursday to smoke pot and celebrate 420.
Read more »