ETH ETF Approval: The Catalyst for Altcoin Season 2024?
- Deezy thinks altcoins will have their best seasons in the upcoming bull run.
- Most altcoins are 100% away from their previous ATH.
- ETH ETF trading launch would be significantly bullish for the altcoin market.
Discover Crypto YouTube channel host Nick Valdez (Deezy) believes altcoins will have their most successful seasons in the upcoming bull run.
Deezy cited several top crypto analysts who have used different indicators to predict future altcoin price behaviors, including setting exit targets to help crypto traders maximize their gains in the bull cycle.
In a recently uploaded video, Deezy highlighted some fundamental reasons altcoins could pump significantly this year. First, the Discover Crypto host noted that while Bitcoin is 25% away from its All-Time High (ATH), most altcoins are 100% down from their ATH. He cited a post by Ash Crypto on X, observing that despite numerous narratives like RWA, AI, and memecoins, many altcoins have underperformed BTC.
To support his reasoning, Deezy further noted that the upcoming ETH ETF trading launch could be significantly bullish for the altcoin market. He envisions the ETH ETF launch leading to more ETF approval…
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