Altcoin season begins on the cryptocurrency market


The parabolic growth in the last days of the ETH / BTC pair proves the beginning of the altcoin season, experts say. Along with Ethereum (ETH), other altcoins are growing, including Dogecoin (DOGE).

Well-known analyst and crypto trader Mikael van de Poppe drew attention to the altcoin market, noting that in the coming weeks, their profitability will significantly exceed the results of bitcoin, writes news.crypto.pro. Therefore, it is important to find projects that have not yet been demonstrated by the “native”.

For example, Van de Poppe mentions Holochain’s distributed web protocol (HOT), which hit an all-time high of $ 0.031 in early April. The second rally will take place during the next wave of the altcoin season, probably around mid-June, the expert said.

Two other assets with significant growth potential are the Swipe smart wallet token (SXP) and the Tellor oracle project (TRB).

Crypto trader and analyst Tyler Swope notes two promising new altcoins that could benefit from the clean energy trend. He has invested in Ocean Protocol (OCEAN) and NuCypher (NU), which are indirectly related to Elon Musk’s $ 100 million greenhouse gas removal initiative.

The four-year global initiative is supported by XPRIZE. The OCEAN project is ranked 134th in terms of market capitalization and has partnered with XPRIZE on several occasions in the past.

The privacy-focused NuCypher (NU) protocol, which is ranked 275th, was born out of the Creative Destruction Labs development program. Creative Destruction Labs, a nonprofit organization, partnered with XPRIZE on Musk’s initiative.

Analyst il Capo highlights Syntropy (NOIA), Binance Coin (BNB), Band Protocol (BAND), Balancer (BAL), Litentry (LIT), Zilliqa (ZIL), TomoChain (TOMO) and Hedera Hashgraph (HBAR) from altcoins.

Received a reasonable explanation and unusual growth of Dogecoin (DOGE), writes cryptoonliner. Billionaire investor Mark Cuban notes that this is one of the few cryptocurrencies that are used directly for transactions, and not through services like BitPay. Dogecoin is indeed accepted by some sports clubs and other businesses that rely on community coins.

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