Altcoin Season: Coinbase Predicts Explosive Rally Starting September
Main Idea
Coinbase predicts an upcoming altcoin season starting in September, driven by a shift in Bitcoin dominance, early positive signals from the Altcoin Season Index, and favorable macroeconomic conditions.
Key Points
1. Coinbase's report titled 'Monthly Outlook: Altcoin Season Cometh' suggests a potential altcoin season, where altcoins outperform Bitcoin over a 90-day period.
2. Bitcoin's market dominance has decreased from 65% in May to approximately 59%, indicating funds may be moving into altcoins.
3. The Altcoin Season Index currently registers at 40, with a score of 75 or higher typically indicating a full-fledged altcoin season.
4. Macroeconomic factors and global liquidity are expected to fuel growth in the crypto market, including altcoins.
5. Investors are advised to research and diversify their portfolios, focusing on reputable sources and managing risks due to altcoins' higher volatility.
Description
BitcoinWorld Altcoin Season: Coinbase Predicts Explosive Rally Starting September Are you ready for the next big wave in the crypto world? The excitement surrounding a potential Altcoin Season is building rapidly, and a recent, highly anticipated report from leading crypto exchange Coinbase is fueling this optimism. It’s time to dive into their positive forecast and understand what this could mean for your portfolio. What’s Driving the Coinbase Altcoin Season Forecast? Coinbase recently released...
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