Recent reports about the cryptocurrency market suggest a new bullish phase for altcoins starting in September. Evaluations from Coinbase and Pantera Capital raise questions about potential market dynamics.
Signals of Market Structure Shifts
In a report released by Pantera Capital, it is noted that altcoins have begun to outperform Bitcoin in the latest wave of cryptocurrency price increases. The firm indicates a shift away from the previous Bitcoin-centered rally.
Altcoins' Contribution to Market Growth
Pantera Capital emphasizes the importance of monitoring the contribution of altcoins to market growth. During the growth from 2015 to 2018, altcoins accounted for 66% of the total growth, and from 2018 to 2021, this figure was 55%. The current cycle shows a contribution of 35%.
Rising Interest from Investors
The total market value of altcoins has surged over 50% since July, reaching 1.4 trillion dollars. Coinbase specialists highlight an increase in individual investors' interest in altcoins, as confirmed by rising Google searches.
Experts suggest that conditions are favorable for the onset of the altcoin season, but caution and careful monitoring of market changes are advised.
