The cryptocurrency market is entering a new phase after a seven-month consolidation, according to analyst OxNobler, who predicts the start of another significant altseason. A parabolic move in the Altcoin Indicator, the first in three years, marks this change. Market cycles driven by capital flows from Bitcoin to altcoins signal potential advancements for these digital currencies.
Several factors are seen as catalysts for upcoming liquidity boosts, including US election outcomes, Federal Reserve rate cuts, possible lifting of China's crypto ban, and a $16 billion payout from FTX. These developments could spur significant market activity and gains for traders, according to OxNobler.
Highlighted altcoins poised for growth include Realio Network, focused on managing digital securities; Zero Labs, supporting decentralized AI; SUI, notable for its strong recent performance; Render Network, a GPU rendering platform; and TokenFi, which aims to lead in crypto tokenization.
