Expert analysis on the start of the alt season with a predicted 16% growth in the market value of altcoins.
Daan Crypto Trades, a digital currency analyst, predicts that the peak season for altcoins will begin when the total market value of altcoins, or TOTAL3 index, grows by 16% to a historical level of $1.13 trillion. Currently, excluding Bitcoin and Ethereum, the total market value of altcoins is $962.78 billion, showing a growth of 91.45% from the beginning of 2024. It is believed that as long as this index fluctuates between $840 billion to $1.1 trillion, the market will be volatile.
