{"id":28920,"date":"2025-05-28T06:17:01","date_gmt":"2025-05-28T06:17:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28920"},"modified":"2025-05-28T06:17:01","modified_gmt":"2025-05-28T06:17:01","slug":"altcoin-wildfire-inbound-as-trader-shuts-down-bear-market-fears","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28920","title":{"rendered":"Altcoin \u2018wildfire\u2019 inbound as trader shuts down bear market fears"},"content":{"rendered":"
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\"Altcoin<\/p>\n

A crypto trader has pushed back against claims that altcoin season is already over, arguing that it hasn\u2019t even started yet, as many tokens are still near their local price bottoms.<\/p>\n

\u201cI don\u2019t understand why people start claiming that a bear market is around the corner,\u201d MN Trading Capital founder Micha\u00ebl van de Poppe said<\/a> in a May 28 X post.<\/p>\n

Calls for altcoin season mount<\/h2>\n

\u201cThey are literally on the bottom,\u201d van de Poppe added before stating that the \u201cfinal easy 12-24 months are coming.\u201d While many altcoins have posted gains over the past 30 days, they remain below their levels from the market uptrend until US President Donald Trump\u2019s inauguration in January.<\/p>\n

Solana (SOL<\/a>) posted 17.84% gains over the past 30 days, trading at $175.17, but is still down 32% since Jan. 19, according<\/a> to CoinMarketCap. Meanwhile, XRP (XRP<\/a>) posted gains of 1.98%, trading at $2.31, but is still down 29.35% since Jan. 19.<\/p>\n

\"Altcoin
Solana reached an all-time high of $261 on Jan. 19 amid the launch of the Official Trump coin. Source: <\/em>CoinMarketCap<\/em><\/a><\/figcaption><\/figure>\n

Van de Poppe\u2019s claim comes after Bitcoin (BTC<\/a>) traders have recently been calling for a pullback<\/a> after it reached its $111,970 all-time high and seven green weekly candles.\u00a0<\/p>\n

Other analysts have echoed similar sentiments to van de Poppe.<\/p>\n

\u201cSoon, Altcoins will turn into a wildfire,\u201d crypto trader Davinci Jeremie said<\/a>. Meanwhile, crypto trader Moustache said that \u201caltseason isn\u2019t just a meme. It\u2019s coming ladies & gentleman.\u201d\u00a0<\/p>\n

Related: <\/strong><\/em>Altcoins\u2019 roaring returns and falling USDT stablecoin dominance suggest\u00a0\u2018altseason\u2019 is here<\/strong><\/em><\/a><\/p>\n

Many crypto market participants believe that the altcoin season will begin after Ether (ETH<\/a>) has a period of outperformance relative to Bitcoin. <\/p>\n

The ETH\/BTC ratio is 0.02430, up 26.74% over the past 30 days, according<\/a> to TradingView data.<\/p>\n

\"Altcoin
The ETH\/BTC ratio is up 26.74% over the past 30 days. Source: <\/em>TradingView<\/em><\/a><\/figcaption><\/figure>\n

However, CoinMarketCap\u2019s Altcoin Season Index<\/a> \u2014 which tracks the performance of the top 100 altcoins relative to Bitcoin over the past 90 days \u2014 still shows the market leaning toward Bitcoin, with a 24 out of 100 score.<\/p>\n

Fartcoin (FARTCOIN<\/a>) led the top 100 cryptocurrencies in gains over the past 90 days with a 316.72% increase, followed by Four (FORM) at 148.15% and Virtuals Protocol (VIRTUAL<\/a>) at 107.47%.<\/p>\n

Magazine:<\/strong><\/em> AI cures blindness, \u2018good\u2019 propaganda bots, OpenAI doomsday bunker: AI Eye<\/strong><\/em><\/a><\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n