• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

TOTAL3 Breaks Downtrend: Hopes for a Recovery in Altcoins

user avatar

by Giorgi Kostiuk

7 hours ago


After months of stagnation, the TOTAL3 index, which tracks the total market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum, has officially broken its 7-month downtrend. This technical breakout signals a potential start of a new rally for altcoins.

The Importance of the Breakout

The breakout of TOTAL3 from its 7-month downtrend is a significant event for the entire altcoin market. This is not just a technical signal but an indication of growing investor confidence and renewed capital inflows into risky assets.

Factors demonstrating the importance of this event:

* **Trend Reversal** - Breaking this long-term downward trend indicates growing demand. * **Altcoin Season Indicator** - TOTAL3 breakouts have often preceded the onset of altcoin seasons as seen in the past. * **Conditions for Capital Inflow** - Many altcoins remain undervalued compared to previous cycle highs.

Market Movements Ahead

As market sentiment shifts, analysts are pointing to key altcoins that may lead this new cycle. Notable sectors such as DeFi, AI, gaming, and L2s are currently in focus.

However, as with all rallies, caution is warranted. The early stage of an altcoin season can be volatile but also presents investment opportunities.

Altcoin Season: Predictions and Expectations

Many crypto traders are discussing that this event may signal the onset of a powerful altcoin season. As some experts note, 'This is just the beginning of a big altcoin season,' indicating that we can expect renewed interest in smaller, riskier assets.

The breakout of TOTAL3 from a prolonged downtrend could lead to significant changes in the altcoin market. If historical trends hold true, we may witness a new rally, making this period important for investors and traders.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Trump's Tariffs Create Turbulence in Global Markets

chest

US equity markets fell as President Trump announced a 35% tariff on all Canadian imports, raising concerns of broader trade impacts.

user avatarGiorgi Kostiuk

Matrixport Analysis: Bitcoin Expected to Reach New Heights

chest

Matrixport analysts are confident that Bitcoin's rise isn't over and expect further increases driven by institutional demand and ETF inflows.

user avatarGiorgi Kostiuk

New Ethereum Initiatives: zkEVM Implementation on Base Layer

chest

Ethereum Foundation has announced the integration of zero-knowledge Virtual Machine (zkEVM) to enhance network efficiency.

user avatarGiorgi Kostiuk

Ethereum Gains Momentum: Price Surge and Institutional Interest

chest

Ethereum hits a four-month high driven by rising institutional investments and increased network utility for asset tokenization.

user avatarGiorgi Kostiuk

Cardano Increases Investments with Partnerships Including NASA, FC Barcelona, and UNDP

chest

Cardano announces a $15 million allocation for adoption in 2024, marking a 15% increase from 2023.

user avatarGiorgi Kostiuk

Ethereum Security at Risk: Vulnerability in ETHcode Extension

chest

A vulnerability in the ETHcode extension unveiled security risks for Ethereum developers. Quick action averted serious consequences.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.