{"id":605660,"date":"2024-04-29T21:00:20","date_gmt":"2024-04-29T21:00:20","guid":{"rendered":"https:\/\/wncen.com\/?p=605660"},"modified":"2024-06-11T07:02:47","modified_gmt":"2024-06-11T07:02:47","slug":"cracking-the-crypto-code-eth-btc-signals-the-next-altcoin-explosion-heres-how","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cracking-the-crypto-code-eth-btc-signals-the-next-altcoin-explosion-heres-how\/","title":{"rendered":"Cracking the Crypto Code: ETH\/BTC Signals The Next Altcoin Explosion – Here\u2019s How"},"content":{"rendered":"

Recently, a seasoned crypto investor, Daan Crypto Trades, offered<\/a> a fresh perspective on evaluating altcoin market sentiment.<\/p>\n

Daan believes the ETH\/BTC ratio is a superior indicator of altcoin market sentiment over the SOL\/BTC ratio, showing data that suggests the potential for an upcoming altcoin season.<\/p>\n

Related Reading: Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know<\/a><\/div>\n

ETH\/BTC vs. SOL\/BTC: Decoding The True Alts Barometer<\/h2>\n

Daan Crypto Trades has challenged the emerging view that SOL\/BTC might be a better gauge for altcoin strength, arguing instead for the enduring relevance of ETH\/BTC. According to Daan, while Solana’s performance has been notable, it hasn’t significantly impacted Bitcoin’s dominance, which remains strong.<\/p>\n

This observation suggests that SOL\/BTC may not accurately reflect broader alternative coins market trends. On the other hand, ETH\/BTC has historically mirrored shifts in altcoin market sentiment<\/a> more closely, making it a more reliable metric.<\/p>\n

This distinction is crucial for investors seeking to understand the real-time health and potential shifts within the broader altcoin market.<\/p>\n

\n

Seeing a lot of people claim $SOL<\/a>\/BTC is a better proxy for general alt strength than ETH\/BTC.$SOL<\/a> performed extremely well and the general alt market underperformed BTC as BTC.D grinded higher.<\/p>\n

Therefore, I would not say SOL\/BTC is a good gauge for overall altcoin strength at\u2026 https:\/\/t.co\/8KpdnACoOt<\/a><\/p>\n

\u2014 Daan Crypto Trades (@DaanCrypto) April 28, 2024<\/a><\/p><\/blockquote>\n

Daan’s analysis points out that significant movements in the ETH\/BTC ratio have often preceded dynamic phases in the altcoin market, commonly referred to as ‘altcoin seasons.’ These periods are characterized by rapid price increases across altcoins, often outpacing Bitcoin<\/a>.<\/p>\n

Signs Of An Emerging Altcoin Season?<\/h2>\n

Current market analysis by Daan and on-chain data from Santiment underline a brewing sentiment that could lead to another alternative coins season. Santiment’s report highlights an unusual accumulation pattern across altcoins, with their Market Value to Realized Value (MVRV) ratios suggesting many are undervalued<\/a>.<\/p>\n

Related Reading: Are Altcoins Cooling Off? Analyst Weighs In On This Cycle\u2019s Market<\/a><\/div>\n

Over 85% of altcoins analyzed are currently positioned in what Santiment describes as the historical “opportunity zone.”<\/a> This zone indicates that the assets are trading below their realized value, presenting potential buying opportunities for savvy investors.<\/p>\n

\n

\ud83d\udc4d According to our model, the mid-term gains and losses by average wallets indicate heavy realized losses across most #altcoins<\/a>. Over 85% of assets we track are in a historic opportunity zone when calculating the market value to realized value (MVRV) of wallets’ collective\u2026 pic.twitter.com\/NogkCSH5PG<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) April 25, 2024<\/a><\/p><\/blockquote>\n

Further reinforcing this sentiment, the Bitcoin dominance index (BTC.D), which tracks Bitcoin’s market cap relative to the entire crypto market, has slightly declined. BTC.D has dropped from 57.10% as of the middle of this month to roughly 54.69% as of today.<\/p>\n

\"Bitcoin
Bitcoin Crypto Market Dominance on TradingView.com<\/a><\/figcaption><\/figure>\n

This decline could suggest that capital is beginning to flow more substantially into altcoins. Notably, the combination of favorable MVRV ratios and shifting dominance lends credence to Daan’s assertion that an alternative coins season may be on the horizon, ready to unleash notable gains<\/a> similar to past cycles.<\/p>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Recently, a seasoned crypto investor, Daan Crypto Trades, offered a fresh perspective on evaluating altcoin market sentiment. Daan believes the ETH\/BTC ratio is a superior indicator of altcoin market sentiment over the SOL\/BTC ratio, showing data that suggests the potential for an upcoming altcoin season. Related Reading: Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know ETH\/BTC vs. SOL\/BTC: Decoding The True Alts Barometer Daan Crypto Trades has challenged the emerging view that SOL\/BTC might be a better gauge for altcoin strength, arguing instead for the enduring relevance of ETH\/BTC. According to Daan, while Solana’s performance has been notable, it hasn’t significantly impacted Bitcoin’s dominance, which remains strong. This observation suggests that SOL\/BTC may not accurately reflect broader alternative coins market trends. On the other hand, ETH\/BTC has historically mirrored shifts in altcoin market sentiment more closely, making it a more reliable metric. This distinction is crucial for investors seeking to understand the real-time health and potential shifts within the broader altcoin market. Seeing a lot of people claim $SOL\/BTC is a better proxy for general alt strength than ETH\/BTC.$SOL performed extremely well and the general alt market underperformed BTC as BTC.D grinded higher. Therefore, I would not say SOL\/BTC is a good gauge for overall altcoin strength at\u2026 https:\/\/t.co\/8KpdnACoOt \u2014 Daan Crypto Trades (@DaanCrypto) April 28, 2024 Daan’s analysis points out that significant movements in the ETH\/BTC ratio have often preceded dynamic phases in the altcoin market, commonly referred to as ‘altcoin seasons.’ These periods are characterized by rapid price increases across altcoins, often outpacing Bitcoin. Signs Of An Emerging Altcoin Season? Current market analysis by Daan and on-chain data from Santiment underline a brewing sentiment that could lead to another alternative coins season. Santiment’s report highlights an unusual accumulation pattern across altcoins, with their Market Value to Realized Value (MVRV) ratios suggesting many are undervalued. Related Reading: Are Altcoins Cooling Off? Analyst Weighs In On This Cycle\u2019s Market Over 85% of altcoins analyzed are currently positioned in what Santiment describes as the historical “opportunity zone.” This zone indicates that the assets are trading below their realized value, presenting potential buying opportunities for savvy investors. \ud83d\udc4d According to our model, the mid-term gains and losses by average wallets indicate heavy realized losses across most #altcoins. Over 85% of assets we track are in a historic opportunity zone when calculating the market value to realized value (MVRV) of wallets’ collective\u2026 pic.twitter.com\/NogkCSH5PG \u2014 Santiment (@santimentfeed) April 25, 2024 Further reinforcing this sentiment, the Bitcoin dominance index (BTC.D), which tracks Bitcoin’s market cap relative to the entire crypto market, has slightly declined. BTC.D has dropped from 57.10% as of the middle of this month to roughly 54.69% as of today. This decline could suggest that capital is beginning to flow more substantially into altcoins. Notably, the combination of favorable MVRV ratios and shifting dominance lends credence to Daan’s assertion that an alternative coins season may be on the horizon, ready to unleash notable gains similar to past cycles. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":526928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,428,78790,6664,87925,57192,1946],"class_list":["post-605660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-bitcoin","tag-btcusdt","tag-crypto","tag-crypto-asset","tag-eth-btc","tag-ethereum"],"acf":[],"yoast_head":"\nCracking the Crypto Code: ETH\/BTC Signals The Next Altcoin Explosion - Here\u2019s How<\/title>\n<meta name=\"description\" content=\"Recently, a seasoned crypto investor, known as Daan Crypto Trades, offered a fresh perspective on evaluating altcoin market sentiment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/cracking-the-crypto-code-eth-btc-signals-the-next-altcoin-explosion-heres-how\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cracking the Crypto Code: ETH\/BTC Signals The Next Altcoin Explosion - 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cracking the Crypto Code: ETH\/BTC Signals The Next Altcoin Explosion – Here\u2019s How","url":"http:\/\/wncen.com\/news\/cracking-the-crypto-code-eth-btc-signals-the-next-altcoin-explosion-heres-how\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cracking-the-crypto-code-eth-btc-signals-the-next-altcoin-explosion-heres-how\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","bitcoin","btcusdt","crypto","crypto asset","eth\/btc","ethereum"],"dateCreated":"2024-04-29T21:00:20Z","datePublished":"2024-04-29T21:00:20Z","dateModified":"2024-06-11T07:02:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cracking the Crypto Code: ETH\\\/BTC Signals The Next Altcoin Explosion – Here\\u2019s How\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cracking-the-crypto-code-eth-btc-signals-the-next-altcoin-explosion-heres-how\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cracking-the-crypto-code-eth-btc-signals-the-next-altcoin-explosion-heres-how\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Altcoins.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Altcoins.jpeg?fit=1140%2C815\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"bitcoin\",\"btcusdt\",\"crypto\",\"crypto asset\",\"eth\\\/btc\",\"ethereum\"],\"dateCreated\":\"2024-04-29T21:00:20Z\",\"datePublished\":\"2024-04-29T21:00:20Z\",\"dateModified\":\"2024-06-11T07:02:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/605660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=605660"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/605660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/526928"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=605660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=605660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=605660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}