X

Oliver from Austin

Signed up at LTC Casino 13 minutes ago.

» Try LTC Casino too
Do not show again

The market circumstances of 2022 caused everyone to suffer significant losses, so cryptocurrency traders are anxiously expecting the revival of a bullish trend. Crypto Lists examines the state of play…

There has recently been a growth in the trade value and quantity of numerous cryptocurrencies, including the well-known Ethereum, the meme-based crypto coins Dogecoin and Shiba Inu, the Ethereum competitors Solana and Avalanche, and many more altcoins.

Since 2020, we’ve seen brief bursts and projections of what’s known as “Altcoin season,” and in 2022, some are again anticipating another one.

Market indicators of an Altcoin season

The evaluation of the market cap chart for the best altcoins and the resemblance to the previous alt bull sentiment aren’t the only factors driving the ongoing rise in alternative coin prices. Recent data we’ve looked at on BlockchainCenter data indicates that the altcoin season 2022 has indeed just begun.

According to their up-to-date altcoin season chart, the index reached the altcoin dominance area in early August. According to their website,
‘Altcoin Season’ is when 75% of the Top 50 coins outperform Bitcoin over the previous 90 days.

The cryptocurrency season index they developed saw a value of about 98 on August 10. Since the months of April to June 2021, these quantities have not been observed. So, if the indicator stays over the mark of 75 for the ensuing few weeks, a robust altcoin season in 2022 may be on the horizon!

Rating: 9.4/10
Supply: 307,782,016 / 511,216,000
Release date: April 10, 2019

Description: Buy SOL and be part of the revolution of smart contracts and Web3.

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.


When exploring a 90-day summary of the top fifty cryptos and comparing that information to the price movement of Bitcoin (BTC), it appears that during the current season, BTC lost while the majority of altcoins saw gains or suffered reduced losses.

CEL, ETC, UNI, and LINK are among the best altcoins in the lead. Despite their falls, some of the biggest projects, like XRP, ADA, and ETH, remained ahead of Bitcoin.

A surge in short holdings

An increase in short holdings in cryptocurrencies has been observed. Short holdings in altcoins are much more prevalent than long-term transactions. This indicates that more traders are betting on price declines than on price increases. However, historical evidence indicates that such events would often result in a sharp price increase. It is still uncertain whether such a price recovery will occur and whether it will result in an altcoin season.

Ethereum overpowers Bitcoin

The progress of Ethereum (ETH), the largest cryptocurrency, against BTC is yet another sign of a likely altcoin boom in 2022. The analysis of Ethereum in relation to the US dollar found that the value of ETH has been rapidly increasing lately. The RSI may have broken out from the lengthy resistance line and be on its way to rising to the $2100 mark.

Now that we’re examining the relationship to BTC, the weeklong chart offers a further bullish viewpoint. Since bottoming at 0.05 BTC, which originally functioned as resistance, the price of ETH/BTC has been climbing. Validation of this zone was a bullish indication that started the current uptrend.

El crypto prof, a Twitter cryptocurrency analyst, has created a month-to-month chart of ETH/BTC, implying that Ethereum’s worth vs. Bitcoin is about to skyrocket. He found analogies in the fractals of past ascending waves, claiming that today’s price activity matches the beginning 2017 era (orange ellipses).

As per his forecast, ETH might grow 379% from its low point in the following months to attain 0.25 BTC. If this is true, Ethereum’s surge will significantly motivate the altcoin season in 2022.

Conclusion

Although 2022 was a challenging year for crypto investors, its conclusion demonstrated that it might be a fruitful year for the Altcoin season, as there’s an undeniable potential for a boost in the value of altcoins. Fasten your seat belts, for the mother of all movements, is perhaps about to commence. Remember, crypto is highly voliatile and you should only invest what you can afford to lose. Crypto Lists is only providing you with information for educational purposes, and nothing on our site should be taken as financial advice.

by Our Certified Author
Solana Coin Newsflash
    Sample Solana's speed on the new Juice Bet casino today!Sample Solana's speed on the new Juice Bet casino today!
    Wednesday, 19 Jun 2024 11:35 am
    Say hello to another fresh casino (see all) from the world of crypto iGaming. This time it's time for something that's fresh in more ways than one since it's the one and only Juice Bet (review) - a site that combines thousands of games with one heck of a sports betting section featuring loads of US sports sitting pretty alongside soccer and more. You can even wager on political events too. What stands out to us is the range of crypto deposit and withdrawal options that include meme coins like Shiba Inu, layer-2 powerhouses like Solana and all alongside the big names like Bitcoin and Tether, the two coins here that have the fastest withdrawal speed...
    Read the full newsflash


    Betsolino's new casino adds Dai, Tron & MifinityBetsolino's new casino adds Dai, Tron & Mifinity
    Friday, 14 Jun 2024 1:54 pm
    One of the newest crypto casinos from May 2024 is adding even more deposit methods. Now, you can get started on Betsolino (see review)a> even with Dai, USDT (Tron) or the payment processor MiFinity. All new players can enjoy up to 5000 USDT in welcome bonus and a super quick sign-up process. We suggest that you visit Betsolino today and find a genero...
    Read the full newsflash


    Solana regins supreme on Kingamo's royal casinoSolana regins supreme on Kingamo's royal casino
    Friday, 7 Jun 2024 9:00 am
    Want to be a royal hero? Perhaps you can on Kingamo (review) where you can claim a crown as the king of the crypto casino players. Fancy your chances? There are plenty of ways to prove it. Not only do you have standard slots to wager on, Kingamo Casino brings an array of attractive promos to its players. The fun starts with a 1000 USDT welcome bonus and you’ll find a choice of ongoing rewards, including up to 20% daily cashback. Cashback fit for a future king, if you ask me! And did we mention Solana deposits? You can use that awesome purple-themed coin right here. Visit the website now and take...
    Read the full newsflash


    Fresh Thursdays: try the brand new Crown Play with SOLFresh Thursdays: try the brand new Crown Play with SOL
    Thursday, 15 Feb 2024 10:25 am
    Act like a king on a new casino launched in January with a 500 USDT welcome bonus. That's right, why not check out our review of Crown Play (review), a site from the team over at Rabidi with almost 100 software developers and an amazing array of cryptos to deposit. One of the best things is USDT on Ethereum Tron, or Solana networks for maximum convenience and blazing speeds. When we deposited using USDT on Solana the funds arrived in mere minutes. Similarly, with SOL it was even faster! Amazing. Get your hands on some top bonuses and a top sportsbetting section by registering now on Crown Play...
    Read the full newsflash


    MetaWin adds Solana for casino depositsMetaWin adds Solana for casino deposits
    Friday, 2 Feb 2024 4:05 pm
    MetaWin (see review) confirms that Solana (SOL) is not accepted. They are giving away 400 SOL - worth over 40 000 USD - to 10 lucky winners. Sign-up now to grab a...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with
 

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
exclusives.
* indicates required
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top