It is a matter of curiosity when the enthusiastic bull market of 2021 will be seen again. DeFi, NFT, GameFi, memes or any crypto segment that comes to mind has proven to be able to rebound in double digits at the first opportunity despite the current selling pressure. According to analysts, a new wave could escalate to several altcoin projects unexpectedly. This is due to a number of fundamental and technical factors…
Is altcoin season imminent?
Altcoin season was expected to start in the first half of 2022. Few people are complaining about the new year’s rest as the BTC price broke the ATH levels in the early 4th quarter of 2021. However, the decline continued until the end of February due to various circumstances. As a result, there is widespread skepticism about altcoin season and the overall market these days. Analysts continue to produce predictions for cryptocurrencies to rise and start a significant altcoin season…
According to analysts, other altcoins are pointing out the slightly falling BTC price, especially as Ethereum rises. All in all, it could be an ideal setup for the upcoming season. On the other hand, the worldwide market cap of cryptocurrencies is pushing several critical support zones. The market cap also showed a positive return by producing a bullish hammer.
Will NFTs outperform DeFi and other altcoins in the long run?
NFTs are expected to see a parabolic move in the near future, as altcoin season is set. As a result of the increased momentum, popular tokens such as Decentraland (MANA), The Sandbox (SAND), Gala (GALA) and others are expected to see a huge rise. Other NFTs can follow these tokens and join the party to create a new ATH.
On the other hand, DeFi tokens such as Terra (LUNA), which are showing tremendous strength despite the current uncertain conditions, could ignite a strong bull run above $100. Analysts think that in addition to Avalanche (AVAX) and LUNA, LUNA price could pose a threat to reach the $100 levels. On the other hand, tokens such as Chainlink (LINK), Fantom (FTM), Tezos (XTZ), Aave (AAVE) and others could potentially see a massive uptrend. The accuracy of these predictions will become clear in the coming days and errors will come to light.
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