Memecoins: The Silent Killer of Altcoin Season Says Glassnode Lead Analyst, Here’s Why!

Quick Summary:

This strong dominance has pushed back the start of an altcoin season.

However, according to Glassnode lead analyst James Check, one key reason for this delay is the impact of memecoins, which he describes as the “silent killer” of the altcoin season.

Some experts believe that the current low prices of altcoins and lower trading volumes could signal a future rise.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Been Altcoin Crypto Glassnode Lead Altcoins Silent Analyst Memecoins Season Check

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 08:51:59 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22306290

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