Weiss Crypto Ratings Says It Is Close For Altcoin Season

Analysts at the Weiss Crypto Ratings platform say history is repeating itself. They find the recovery close to occurring, as a similar drop occurred to the 2013 and 2017 bull seasons. Analysts point out that there is also a possible and near date for the altcoin season.

Weiss Crypto Ratings posted a post on Twitter during the day. As he shared in his post, Ethereum is driving the entire altcoin market towards an uptrend. They say it is likely that the Altcoin season will open and there will be a rise in non-Bitcoin cryptocurrencies. He even explained the incident with examples. He said that once the Bitcoin surge now feeds many users, coins can flow into Ethereum and other altcoins. In this panic atmosphere of investors, fund transfers are made to generate income from altcoins. Many altcoins take advantage of this situation and prepare for the altcoin season.

The fund transfer model mentioned above was published by Weiss. It is still a model that the market can follow. Although there are some important differences between the current market situation and the year 2017, it would not be wrong to say that the market remains attached to the old order on some issues.

Ethereum Leads the Market to Altcoin Season

Ethereum, the most powerful altcoin, is an important helper in the altcoin season to the market. They anticipate an increase in the future due to the interesting levels of Dominance and the intense interest in the first quarter of the year.

Posted Using LeoFinance ^Beta