Are digital currencies entering altcoin season? Social buzz reaches highest level in 3 months

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The talk about the season of alternative currencies has risen to its highest level since 3 months ago and the social level, but one of the charts is issuing a clear warning that the rotation process is a warning as it gives the heights of the last symbols.

Sentiment data shows that the references to “alternative currency season” and “Mouse% change” are in May, while the formation of the vector sees that the weak leadership of ethereum (eth) has stopped moving.

Record the volume of discussion about alternative currencies on social media

رصدت البلوكتشين انلازیت البلوكتشين سنتیمنت زوم النکاش هول “موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم موسم البديملة البديملة بتاريخ 4 May وهو وحدة منذ 5 FEBRUARY”.

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volume of discussion about the season of alternative currencies
volume of discussion about the season of alternative currencies. source: Sentiment

I marked the “Mosem al-Bdel” on May 5, also at its highest level since June 18 to renew the interest of individual investors. This came after a new price movement, where saw several alternative transactions notable heights raised far wider periodic operation bitcoin (btc).

All the data point to an improvement in mood after a period of weak individual activity.

Why is the eth/btc chart warning?

Despite the excitement, the vector pointed out that there is a problem with how to build the current height. The OTHERS/btc index, which tracks the total market value of alternative currencies based on the base, has started to perform better compared to bitcoin.

However, the eth/btc indicator is still weak. This is in contrast to the standard rule of thumb that ethereum (eth) usually holds height for alternative currencies before capital flows to smaller symbols on the risk curve.

قال التكوين التكوين فيكتور إن التكوين التكوين فيكتور إن تو آريساء يُزحر إن التقيين يُزحر إن التكوين رتبمج in advance towards a possible alternation, usually beyond the stage of driving the ـeth. Usually, the healthy period does not start with eth.

weak ETH/BTC
weak ETH/BTC. source: X/Altcoin Vector

It has now adopted the transformation of the current momentum in the alternative digital currencies to a permanent movement of Ethereum’s relative strength in front of Bitcoin. See more

If ETH/BTC remains at these low levels, Vector warns that the smaller alt-coins’ profits could quickly disappear if Bitcoin weakness occurs.

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