‘Early Signals’ of Altcoin Season as OG Tokens Pump Following XRP, BTC All-time Highs

Key Points

1. Ethereum Classic surged 20.3% in 24 hours, though still down 85% from its 2021 all-time high; it originated from a 2016 Ethereum hard fork after The DAO hack.

2. Litecoin reached a four-month high of $110.12, up 9% daily, designed as a Bitcoin-inspired cryptocurrency by ex-Google employee Charlie Lee.

3. Bitcoin Cash rose 6.4%, though down 86% from its 2017 peak; it resulted from a Bitcoin block size dispute and subsequent hard forks.

4. XRP set a new all-time high of $3.65 after seven years, amid its nearing resolution with the SEC, while other altcoins like Uniswap and Dogecoin also saw gains.

5. Analysts suggest a rotation into altcoins indicates growing momentum, with older coins benefiting from liquidity and investor familiarity.