Altcoin Season Is Coming, Glassnode Co-founders Say

IconCryptoNewsTerminal Staff12 Jul, 2024

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Altcoin Season Is Coming, Glassnode Co-founders Say

Altcoin season is coming, according to Glassnode co-founders Rafael Schultze-Kraft and Yann Allemann. In a recent interview, they said that they believe that altcoins are undervalued relative to Bitcoin and that there is a lot of room for growth in the altcoin market. There are several reasons why Glassnode believes that altcoin season is coming. First, the altcoin market has been underperforming Bitcoin for the past few months. This has created a lot of pent-up demand for altcoins, and it is likely that this demand will be released in the coming months. Second, the fundamentals of many altcoins are improving. Many altcoins are now being used for real-world applications, and they are becoming more and more integrated with the global financial system. This is making altcoins more attractive to investors. Finally, the overall cryptocurrency market is growing. As the cryptocurrency market grows, it is likely that more and more people will start to invest in altcoins. This will further fuel the growth of the altcoin market.

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