Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (POL)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

Memcoin trading volumes indicate the coming altseason

Altcoins: Memcoin trading volumes indicate the coming altseason

On March 4, 2024, bitcoin's price surpassed the $67,500 mark, the largest achievement since November 2021. Analysts at K33 Research predict that a number of altcoins will "begin to close the gap" with bitcoin in the future.

According to the analysis, bitcoin's market capitalization doubled the value of the entire cryptocurrency market after the market crash in November 2022. Experts noted similarities to a similar event at the end of 2020.

Memcoin trading volumes indicate the coming altseason
Market capitalization of cryptocurrencies. Source: K33Research.

In addition, analysts noted that the recent surge in trading of meme-based coins could signal the arrival of the altcoin season. Specifically, some assets such as Dogecoin (#DOGE) and Pepe (#PEPE) rose between 18% and 50% between March 1 and March 2.

According to Coingecko data, Dogecoin (DOGE) rose 91% during the week, while Shiba Inu (#SHIB) rose 173%. Similarly, Pepe (#PEPE) was up 414%, Bonk (#BONK) was up 175%, and Dogwifhat (#WIF) was up 378%.

Memcoin trading volumes indicate the coming altseason
Memcoin Market. Source: CoinGecko.

In addition, K33 Research noted an increase in trading activity on South Korean exchanges. According to its data, the daily trading volume on these platforms reached $8 billion, which is significantly higher than the $1 billion before the bitcoin surge.

Despite the positive outlook, experts warned of the risks associated with investing in altcoins in 2024. They emphasized that the dot-com introduction of bitcoin ETFs is changing the cryptocurrency investment landscape and creating uncertainty about future inflows into smaller assets.

In addition, Swissblock analysts expressed a similar view: market sentiment suggests that altcoin season is imminent. They noted that, according to their analysis, the sector averages "have reached a low level compared to bitcoin and may soon change." Experts also noted that Ethereum breaking through the $3,500 threshold would serve to confirm a turnaround in the trend.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: MEXC Q3 2025 Report Highlights Market Leadership Across New Listings, Security, and Ecosystem Growth
Global cryptocurrency exchange MEXC has published its Q3 2025 Ecosystem & Growth Report, highlighting sustained expansion in listings, user activity, product innovation, security, and..
Artificial Intelligence (AI): DeepSeek dominates AI crypto trading competition
The Chinese AI system DeepSeek showed impressive results in an experimental crypto trading competition, where several models traded with the same capital of $10,000..
Press Releases: MEXC Launches USDT & USDC Staking Gala: Earn 15% APR With Flexible Redemption and Up to 2,926 USDT
MEXC, a leading global cryptocurrency exchange, has officially launched the USDT & USDC Staking Gala, offering users the opportunity to earn up to 15% APR through a flexible redemption..
Press Releases: MEXC Launches ENA Extravaganza with $1 Million Prize Pool, Zero-Fee Trading and Up to 600% APR Staking
MEXC, a leading global cryptocurrency exchange, announced the launch of the ENA Extravaganza in collaboration with Ethena, offering new and existing users a $1 million prize pool alongside..
⁝⁝⁝

Trending news

  • Artificial Intelligence (AI)
  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • show more