Former Bloomberg Analyst: The seasonal trend of altcoins may appear within a few weeks
Former Bloomberg analyst Jamie Coutts stated that the best time to invest in altcoins is when both the Smart Contract Platform (SCP) Index and Altseason Index are on an upward trend. Current situation: 1. The SCP index is bullish, possibly surpassing its March high soon. The first condition is met. 2. The Altseason Index has dropped to 26%. The second condition is not met. 3. BTC's dominance continues, with ETH's rebound yet to spread widely in the SCP field. According to cryptocurrency, presidential and liquidity cycles, signals for altcoin season may appear within a few weeks; it might be wise to plan ahead or pay attention to currently well-performing assets such as SOL, NEAR, TON.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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