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Altseason is a phase within the cryptocurrency market characterized by altcoins surpassing Bitcoin in terms of price growth. During this period, investors seek fresh and captivating ventures for investment, with altcoins frequently presenting the most favorable prospects for expansion.
Within this video, Brent Xu, who serves as the CEO of Umee, expresses his insights regarding the timing of the altseason occurrence and the catalysts that will propel the subsequent bullish market. He also delves into discussions concerning several highly promising altcoins deserving of attention in the upcoming months.
He discusses the factors influencing altcoin performance and the outlook for the next bull run in the cryptocurrency market. He explains that altcoins closely follow Bitcoin's rallies, and categorizes them into different groups. He acknowledges the regulatory pressure altcoins face and emphasizes the need for clear standards and applicable laws in the ecosystem.
He believes that the US market plays a crucial role in establishing a well-defined framework for cryptocurrencies. He also highlights the importance of fundamental platforms and technological innovation in driving the next bull run, specifically mentioning Ethereum and its dominant network effect and the emergence of Layer 2 solutions.
Altseason is a phase within the cryptocurrency market characterized by altcoins surpassing Bitcoin in terms of price growth. During this period, investors seek fresh and captivating ventures for investment, with altcoins frequently presenting the most favorable prospects for expansion.
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Hi @dexpartacus,
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Thanks for letting us know how this important figure in the crypto world thinks
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