Altcoin Season Has Officially Kicked Off, According to Crypto Analyst Nicholas Merten – Here’s Why
Popular crypto analyst Nicholas Merten says that the time for altcoins to start outpacing Bitcoin (BTC) has arrived. In a new strategy session, Merten shares with his 508,000 DataDash subscribers an OTHERS chart, which depicts the total crypto market cap excluding the top ten coins to gauge altcoin market strength. According to Merten, the chart suggests that the money that’s been added to Bitcoin’s market cap will likely start flowing into altcoins amid a “clear top formation” in Bitcoin dominance (BTC.D), which measures how much of the total crypto market cap belongs to BTC. “The big thing above all though is that for the broader altcoin sector, we are now back up here towards the prior range of resistances since back in June, which was prior support in back in April 2024 during the first major dip. So that’s good to see, we’re pressing up here with the most resilience we’ve seen so far… But beyond that as we...