Connect with us

Market

Altcoin Season Index Roars Back with Bitcoin Falling Behind

Published

on


Today, 38 out of the top 50 cryptocurrencies have performed better than Bitcoin (BTC) over the last 90 days. As a result, the altcoin season index has hit its highest level since January.

This development has sparked widespread optimism in the market, with many speculating that the prices of these altcoins could go much higher over the next few months. But could this be feasible?

Altcoins Take Over, but Analysts Differ on Reason for Surge

For those unfamiliar, the altcoin season index provides real-time insights based on the performance of the top 50 cryptos relative to Bitcoin. Typically, when the index is 25, it means that Bitcoin has the upper hand. It also indicates that it has outperformed at least 75% of the top 50 coins.

On the other hand, when the Altcoin Season Index hits 75 or higher, it signifies the start of an altcoin season. In this instance, most of the top 50 assets outperform BTC. As of now, the index stands at 78, confirming speculation that altcoins could continue to outpace BTC in the coming months.

This level marks the highest reading since January 22. During that period, altcoins maintained strong performance until March, when their dominance waned. In the current cycle, BeInCrypto notes that Stellar (XLM), Hedera (HBAR), and Ripple (XRP) are leading the charge.

Altcoin season index rises
Altcoin Season Index. Source: Blockchaincenter

However, Ki Young Ju, CEO of CryptoQuant, offered a different perspective on the current altcoin season.  According to him, this phase isn’t primarily fueled by a rotation of liquidity from Bitcoin.

He, however, noted that the major driver is the increased accessibility and usage of stablecoins and fiat pairs. This shift suggests that new capital entering the market might be significantly driving altcoins’ performance.

“Alt season is no longer defined by asset rotation from Bitcoin. The surge in altcoin trading volume isn’t driven by BTC pairs but by stablecoin and fiat pairs, reflecting real market growth rather than asset rotation,” Ki Young Ju emphasized on X.

Altcoins trading volume rises
Altcoin Trading Volume for Stablecoin Pairs. Source: CryptoQuant

But crypto analyst Rekt Capital seemed to have a different opinion. On November 30, the analyst highlighted that the drop in Bitcoin dominance, which is currently around 56%, indicates that money is flowing into Ethereum (ETH) and other altcoins.

“Bitcoin ranging between $91,000 and $100,000 may very well be a recipe for Ethereum to take the lead and enable money flow into smaller Altcoins,” Rekt Capital wrote.

Analysis Hints at Higher Highs for Alts Market Cap

Analysis of TOTAL2, an indicator that measures the market cap of the top 125 altcoins, shows a bull flag forming on the 3-day chart.

A bull flag is a bullish chart pattern characterized by two rallies separated by a short consolidation phase. It begins with a steep price surge, known as the “flagpole,” as buyers overpower sellers. This is followed by a pullback, creating a “flag” with parallel upper and lower trendlines, indicating a potential continuation of the uptrend.

With this pattern in place, TOTAL2 is likely to rise much higher than $1.45 trillion. If that is the case, then many altcoin prices might surpass their all-time highs. 

Altcoins market cap analysis
TOTAL2 3-Day Analysis. Source: TradingView

However, if Bitcoin dominance climbs back to 60%, altcoin season could step back, and this forecast could be invalidated. 

Meanwhile, Doctor Profit, a prominent crypto analyst, agrees that an altcoin season is on the horizon. In a recent post on X, he predicted that the remainder of this year and the first quarter of 20245 could bring higher prices for altcoins.

Beyond the technical outlook, the analyst pointed to strong institutional inflows into Ethereum as a bullish signal. He also highlighted circulating rumors suggesting that asset managers BlackRock and JP Morgan may be planning an XRP ETF — a development that could further accelerate the altcoin season.

“Now, huge rumors are circulating that BlackRock and JPMorgan are planning to launch an XRP ETF, and this is not just big, it’s very BIG. We’re at the beginning of Altseason, and anyone who isn’t paying attention is going to get left behind,” Doctor Profit explained.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Market

Charles Schwab Plans Spot Crypto Trading Rollout in 2026

Published

on



Charles Schwab, one of the largest brokerage firms in the United States, is preparing to launch a spot cryptocurrency trading platform within the next year.

This marks a major move by one of the most trusted names in traditional finance and shows that demand for crypto investment options continues to climb.

Charles Schwab Eyes Crypto Expansion

During a recent earnings call, Schwab CEO Rick Wurster said the firm is optimistic about upcoming regulatory changes that could allow it to fully enter crypto trading.

“Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto and our goal is to do that in the next 12 months and we’re on a great path to be able to do that,” Wurster explained.

This move would allow the company to offer direct access to spot crypto trading and place it in direct competition with major players like Coinbase and Binance.

While the company already offers crypto-related products such as Bitcoin futures and crypto ETFs, the addition of direct trading would significantly expand its crypto portfolio. According to the CEO, engagement on these products has grown rapidly in recent months.

Wurster revealed that visits to the firm’s crypto-focused content have surged 400%. Of that traffic, 70% came from users who are not yet customers, showing a growing appetite for digital asset investments.

Wurster’s confidence in crypto aligns with the Trump administration’s efforts to introduce a clearer regulatory framework for digital assets. Compared to past years, progress on crypto legislation and oversight has accelerated, especially among key regulatory bodies like the SEC.

If these improvements continue, Schwab could debut its spot crypto trading platform before mid-2026. The firm believes its reputation in traditional finance gives it a strategic advantage in expanding into the crypto space.

Meanwhile, Schwab is already dipping its toes into the sector through its role as custodian for Truth.Fi, an upcoming digital investment platform launched by Trump Media and Technology Group. Truth.Fi plans to offer a mix of Bitcoin, separately managed accounts, and other crypto-linked products.

Indeed, Schwab’s potential entry into the sector has drawn attention from other industry leaders. Asset management firm Bitwise CEO Hunter Horsley described the brokerage firm’s move as a milestone in crypto’s transition to mainstream finance.

Rachael Horwitz, Chief Marketing Officer at Haun Ventures, echoed that sentiment and encouraged Schwab to consider crypto-collateralized lending as a future offering.

“Schwab should implement crypto-collateralized lending as part of its banking services next,” Horwitz said.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Market

Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says

Published

on


A long-time supporter of XRP who is not afraid to speak his mind has issued stunning predictions concerning the future value of the cryptocurrency. His assertions have both interested and confused investors.

Investor Forecasts 50-Fold Return On XRP

As per the Alpha Lions Academy founder Edoardo Farina, an investment of $1,000 in XRP today can increase to more than $50,000 in the future. The estimate is based on the altcoin crossing Farina’s desired price target of $100 per token, from its current value of around $2.

“Buying $1,000 worth right now is really buying over $50,000 in the future when $XRP hits $100+”, Farina tweeted recently.

Farina previously revealed he will not sell any of his XRP holdings until the price reaches at least $100 per token. He terms the coin as sitting at the hub of what he refers to as a “multi-generational pump” and points out its potential function within the international finance system.

Minimum Holdings Suggestion Sparks Skepticism

According to reports, Farina urges retail investors to own a minimum of 1,000 XRP tokens. He asserts that such an amount is the minimum one needs in order to take advantage of the use and greater adoption of XRP in the future.

Such opinions regarding the issue have been unequivocal. Farina has reportedly said that individuals who have fewer than 1,000 XRP tokens “don’t care enough about their financial success” and called possessing less than that amount “insanity.”

Though these comments represent Farina’s individual investment strategy, they echo a developing perception among XRP enthusiasts that the asset is undervalued and poised for strong growth if regulatory clarity increases and more businesses embrace it.

Doubters Challenge The Life-Changing Assertions

Not everyone shares Farina’s positive perspective. Doubters have raised issues with his assertion that $1,000 in XRP today may be worth $50,000 someday.

One critic pointed out that even if XRP hits $100 and converts $1,000 into $50,000, this may not be sufficient for early retirement. The remark points out that what appears to be a good return may not necessarily be the life-altering wealth many investors expect.

Questions also arise regarding if XRP will ever hit the $100 level, and if so, how long it would take to arrive there.

Price Target Timeline Indicates Long Way To Go

The journey to $100 looks long for XRP, which is currently trading at about $2. It would need a nearly 5,000% rise from where it is now to reach $100.

Featured image from Pexels, chart from TradingView





Source link

Continue Reading

Market

Technical Analyst Warns Ripple’s XRP Price Could drop 50%

Published

on


Veteran market analyst Peter Brandt has issued a gloomy year-end forecast for XRP, suggesting the asset may struggle to maintain its momentum despite recent gains.

On April 18, Brandt shared his updated analysis on X (formerly Twitter), projecting two possible scenarios for XRP’s market capitalization by year’s end.

Cautionary Outlook for XRP Despite Recent Surge

The first scenario places XRP’s market cap around $116.67 billion, while the second offers a more bearish outlook of just above $60 billion.

Essentially, both figures imply a decline from XRP’s current valuation of roughly $2.09 per token at a market capitalization of $121 billion.

XRP Year-End Projections.
XRP Year-End Projections. Source: X/Peter Brandt

Brandt’s analysis is based on a technical pattern he previously identified on XRP’s price chart.

According to him, the formation resembles a classic head-and-shoulders setup—a pattern that often signals a trend reversal. If this plays out, XRP could fall as low as $1.07.

He added then that a move below $1.90 would confirm the pattern and likely trigger a steep correction of more than 50%. However, a break above $3 could invalidate the bearish outlook.

“XRP is forming a textbook H&S pattern. So, we are now range bound. Above 3.000 I would not want to be short. Below 1.9 I would not want to own it,” Brandt explained.

This cautious forecast follows a remarkable surge in XRP’s price since late 2024.

Following Donald Trump’s return to the White House, the token rallied over 300%, reaching a high of $3.28 before pulling back to its current level.

This price performance has led many investors to believe that the Trump administration’s friendlier stance toward digital assets could help the asset continue its rally.

One major catalyst was the Securities and Exchange Commission’s (SEC) decision to drop several lawsuits against crypto companies, including Ripple.

That shift reduced regulatory uncertainty and sparked renewed interest in XRP, culminating in the launch of exchange-traded funds (ETFs) focused on the product.

Adding to the momentum, Ripple launched its own stablecoin, RLUSD, aiming to tap into a growing segment of the digital asset market.

Still, Brandt’s warning suggests that XRP’s recent rally may not be sustainable if bearish pressure intensifies.

Ripple Not Rushing Into IPO Despite Industry Trend

Amid renewed attention on XRP’s performance, Ripple CEO Brad Garlinghouse has addressed growing speculation about the company going public.

In a recent video shared on X, Garlinghouse made it clear that Ripple does not plan to file for an IPO in 2025.

He emphasized that the company is not actively seeking external funding because it remains financially stable and is prioritizing product development and business expansion.

“Will we IPO in 2025? I think that’s a definitive no…We’ve said there’s no imminent plans to go public,” Garlinghouse stated.

While the company isn’t moving forward with an IPO this year, Garlinghouse didn’t completely close the door.

He noted that Ripple is evaluating whether going public would benefit the business in the long run. However, such a move isn’t a current priority.

“You have to ask yourself, okay, how does Ripple benefit from being a public company? And is it a high priority for us?” he said.

Moreover, Garlinghouse also hinted that the regulatory landscape—especially under new leadership at the SEC—could influence Ripple’s future decisions.

His comments come as several crypto firms, including Kraken and Ciecle, reportedly prepare for IPOs. For now, though, Ripple appears comfortable staying private until conditions become more favorable.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io