Journalist
Posted:
As the price of Bitcoin [BTC] soared to new heights in recent days, Ethereum [ETH] followed suit. On the 19th of February, ETH reached its highest price in 22 months, hitting $2,980.
This is the first time since April 2022 that ETH has gone near $3,000.
This significant price increase has led many to anticipate an ETH bull market and even consider the onset of other altcoins.
However, some experts urge caution, suggesting that alt season may not happen as swiftly as anticipated.
Remarking on the same, Henrik Andersson, Apollo Capital’s Chief Investment Officer, said,
“I think several powerful catalysts are coming up that might spark an altcoin rally.”
Ethereum buckles up
This rise in the price of ETH primarily revolves around the Dencun upgrade and mainnet launches for scaling solution Blast and restaking platform EigenLayer.
Andersson added,
“Ethereum has been underperforming BTC over the past year, it feels like it is due for a catch-up in particular due to the supply sinks and it being deflationary since the move to PoS.”
Additionally, economist and trader Mikybull Crypto highlighted that March typically brings bullish trends for ETH, with the potential for reaching $3,000. He further emphasized,
“This cycle of altseason is going to be huge!”
Contradicting POVs
However, Markus Thielen, the head of 10x Research, countered the notion, saying,
“While speculation swirls about the possibility of an altcoin season, the current landscape lacks substantial evidence, with Bitcoin’s enduring dominance standing at 51%.”
He clarified that for a robust altcoin season to begin, there needs to be a sustained decrease in Bitcoin’s dominance to below 45%.
Is this all delusional?
The recent surge in prices of the top coin has instilled speculation in the crypto space.
Hence, to provide a clear picture, on the 20th of February, Santiment reported that most crypto projects have been profitable since October, but some lagging altcoins caution against overbought signals.
can i purchase cheap clomid for sale where can i get generic clomid without dr prescription where to get cheap clomiphene pill order clomid without insurance buy clomid pill how to get generic clomiphene without prescription clomiphene rx for men
More posts like this would make the online space more useful.
Greetings! Utter useful advice within this article! It’s the crumb changes which liking make the largest changes. Thanks a a quantity quest of sharing!
azithromycin 500mg sale – order zithromax 500mg online cheap buy metronidazole 400mg pill
rybelsus 14 mg uk – order generic periactin 4mg cyproheptadine 4 mg us
buy domperidone 10mg sale – how to get tetracycline without a prescription order flexeril without prescription
propranolol over the counter – order plavix methotrexate for sale online
buy augmentin 1000mg online – atbioinfo.com ampicillin cheap
esomeprazole for sale online – https://anexamate.com/ order esomeprazole 40mg capsules
buy mobic no prescription – tenderness generic meloxicam 15mg
prednisone ca – corticosteroid cost prednisone
male erection pills – https://fastedtotake.com/ best non prescription ed pills
oral amoxicillin – comba moxi amoxicillin buy online
buy diflucan generic – diflucan 100mg drug diflucan cost
order lexapro 20mg online – https://escitapro.com/# cheap lexapro 20mg
order cenforce online cheap – cenforce 50mg without prescription order cenforce 50mg pill