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#Altcoin Season Coming?#
Famous analyst claims: "The altcoin season has begun" – this is his perspective.
Cryptocurrency analyst Miles Deutscher claimed in his recently released video that the altcoin season has begun.
Cryptocurrency analyst Miles Deutscher claims that the altcoin season has begun based on data from artificial intelligence models and specific dashboards.
In a YouTube video, Deutscher pointed out that contrary to the popular altcoin season index, the current state of the market indicates that this is a favorable period for altcoins. According to analysts, about 70% of the top 50 altcoins have outperformed Bitcoin's monthly performance.
Germans indicate that Bitcoin's dominance has fallen below a significant support level for the first time since November 2024, which has led to a shift in market momentum. They point out that the main driving force behind this change is the growing positive expectations for Ethereum. They believe that Ethereum ETFs, new laws and regulations, and institutional interest are strengthening Ethereum, and this situation will provide the necessary "firepower support" for the overall rise of the altcoin market.
In addition, he mentioned that he checked the charts based on ETH to track the performance of altcoins relative to Ethereum.
This is not investment advice.