In a delightful twist of fate, a crypto trader has gallantly thrust aside the dreary proclamations that the altcoin season has already bid adieu. “Why, dear friends, it hasn’t even begun to unfurl its splendid wings!” he exclaims, as many tokens languish in the depths of their local price abysses.
“I simply cannot fathom why the masses are so quick to declare that a bear market is lurking just around the corner,” mused the illustrious Michaël van de Poppe, founder of MN Trading Capital, in a post on this fateful May 28. Perhaps he was sipping a fine vintage while pondering the absurdity of it all? 🍷
Calls for altcoin season mount
“They are literally on the bottom,” van de Poppe continued, as if he were a modern-day oracle, foretelling that the “final easy 12-24 months are nigh.” While many altcoins have danced their way to gains over the past 30 days, they still find themselves shackled below the heights reached during the euphoric market uptrend that preceded the inauguration of the illustrious Donald Trump.
Take Solana (SOL), for instance, which has pranced about with a 17.84% gain over the past month, now trading at a princely $175.17, yet still down a staggering 32% since January 19. Meanwhile, XRP (XRP) has managed a modest 1.98% gain, trading at $2.31, but alas, it too is down 29.35% since that fateful day.
Van de Poppe’s assertions come on the heels of Bitcoin (BTC) traders, who have recently been whispering sweet nothings about a pullback after it reached the dizzying heights of $111,970, basking in the glow of seven consecutive green weekly candles. Ah, the drama! 🎭
Other analysts, in a chorus of agreement, have echoed sentiments akin to van de Poppe’s. “Soon, Altcoins will turn into a wildfire,” proclaimed the ever-enthusiastic crypto trader Davinci Jeremie. Meanwhile, the enigmatic Moustache declared, “Altseason isn’t just a meme. It’s coming, ladies and gentlemen!” Cue the applause! 👏
Many a crypto market participant believes that the altcoin season will commence after Ether (ETH) has its moment of glory, outshining Bitcoin in a dazzling display of performance.
The ETH/BTC ratio currently stands at 0.02430, having ascended by 26.74% over the past 30 days, according to the ever-reliable TradingView data.
However, the Altcoin Season Index from CoinMarketCap — that whimsical tracker of the top 100 altcoins’ performance relative to Bitcoin over the past 90 days — still reveals a market that leans heavily toward Bitcoin, with a rather dismal score of 24 out of 100. Oh, the irony! 😅
In a surprising twist, Fartcoin (FARTCOIN) has taken the lead among the top 100 cryptocurrencies, boasting a jaw-dropping 316.72% increase over the past 90 days, followed closely by Four (FORM) at 148.15% and Virtuals Protocol (VIRTUAL) at 107.47%. Who knew the crypto world could be so… fragrant? 💨
Read More
- Apothecary Diaries Ch.81: Maomao vs Shenmei!
- USD ILS PREDICTION
- 30 Best Couple/Wife Swap Movies You Need to See
- DC: Dark Legion The Bleed & Hypertime Tracker Schedule
- Clair Obscur: Expedition 33 ending explained – Who should you side with?
- Summoners War Tier List – The Best Monsters to Recruit in 2025
- Everything We Know About DOCTOR WHO Season 2
- 9 Kings Early Access review: Blood for the Blood King
- Every Minecraft update ranked from worst to best
- Tyla’s New Breath Me Music Video Explores the Depths of Romantic Connection
2025-05-28 16:17