Despite Traders' Predictions of a Massive Rally for Altcoins, Sentiment Remains "Down": What's the Cause?

Quick Summary:

According to investor Crypto Jelle, the altcoin market cap chart "looks primed to go on a massive rally in the coming months.” The investor highlights the similarities between the altcoin’s performance during the previous bull runs.

According to the analysts, he’s seen crypto community members believing that "there’ll never be another altseason.” To those in doubt, the trader suggests they "zoom out” to get a broader perspective on where the market is in the cycle.

Related Reading: Crypto Analyst Unveils Top Altcoins For Biggest Returns This Cycle Altcoins market cap is at $1.15 trillion.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Altcoins bulls Altcoins Bears Altseason Altcoin Season Ethereum Crypto Trader Sentiment Altcoins Crypto analyst Bitcoin Cryptocurrency Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-12 @ 19:00:19 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 54 lines

Sentence Length: 10 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 20674039

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Coverage Areas: United Kingdom

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