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The Importance of ETH/BTC as a Proxy for Altcoin Market Sentiment

Apr 29, 2024

Renowned cryptocurrency investor Daan Crypto Trades believes that using the SOL/BTC pair as a gauge for the overall strength of altcoins in the market is not accurate. While SOL has shown impressive growth recently, it has not significantly influenced Bitcoin's dominance. Daan explained that altcoin seasons tend to be brief but highly volatile, indicating that a different measurement, such as ETH/BTC, is more appropriate for assessing altcoin market sentiment.

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