TradingTrends

Young Ju, CEO of CryptoQuant, has made a bold assertion regarding the state of the altcoin market. In a recent post on X (formerly Twitter), he confidently stated that the long-anticipated altcoin season has officially begun. His perspective aligns with previous insights from Changpeng Zhao (CZ), further fueling discussions within the crypto community.

Altcoins Gain Momentum as Trading Volume Surges🌟🌟🌟

Traditionally, alt seasons are characterized by altcoins such as Ethereum (ETH) and Solana (SOL) outperforming Bitcoin (BTC), leading to a shift in overall market dominance. However, Young Ju emphasized that this cycle differs from previous ones—there is no direct BTC-to-altcoin rotation. Instead of moving funds from Bitcoin into altcoins, investors are now leveraging stablecoins like USDT and USDC as their primary trading pairs. This marks a significant evolution in market behavior, indicating a growing preference for altcoins over Bitcoin.

Supporting this trend, Young Ju revealed that altcoin trading volume is currently 2.7 times higher than Bitcoin’s, showcasing a remarkable surge in demand. Unlike traditional alt seasons—where Bitcoin dominance dictated market shifts—trading volume now serves as the key indicator. Despite this bullish sentiment, Young Ju warned that this alt season remains highly selective, meaning not all altcoins will experience substantial gains.

🔥🔥🔥🔥Is This the True Alt Season?

While many investors are embracing this shift, skepticism remains. A user named RobW challenged Young Ju’s claim, arguing that a handful of altcoin pumps may not necessarily confirm a full-fledged alt season. Others in the community acknowledged the recent rally but noted that many altcoins have yet to reclaim their previous highs. As the market evolves, investors are advised to conduct thorough research (DYOR) before making strategic moves, ensuring they back projects with strong fundamentals and long-term viability.

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