Altcoins Are Rallying, But Analyst Says Alt Season Has Yet to Begin
đ„ Analyst Dennis Liu argues that altcoin season hasn't started, as most altcoins are only 10% ahead of Bitcoin since its bottom, indicating limited overall performance.
đ He highlights that while a few coins like Zcash and Quant have seen significant gains, the broader altcoin market remains sluggish, with many still trailing behind Bitcoin.
đ Liu advises traders to focus on individual altcoin rallies rather than waiting for Bitcoin to hit new highs, as past patterns may not hold true in the current market.
đ„ Analyst Dennis Liu argues that altcoin season hasn't started, as most altcoins are only 10% ahead of Bitcoin since its bottom, indicating limited overall performance.
đ He highlights that while a few coins like Zcash and Quant have seen significant gains, the broader altcoin market remains sluggish, with many still trailing behind Bitcoin.
đ Liu advises traders to focus on individual altcoin rallies rather than waiting for Bitcoin to hit new highs, as past patterns may not hold true in the current market.