As the crypto market continues to evolve, one tool stands out for its ability to dissect the performance of "altcoins" — the alts signal. This specialized oscillator moves between 0 and 1, providing granular insight into how altcoins fare against the broader market, influenced by giants like Bitcoin and Ethereum. With the alts signal currently deep in the generational buy zone, below 0.1, history suggests an impending shift. But what potential market scenario could this foreshadow, and how might it redefine investment strategies in the coming months?
Alts signal hits new low, hinting at a potential altcoin rally Alts signal hits new low, hinting at a potential altcoin rally
As altcoin performance diverges from Bitcoin and Ethereum, the alts signal hints at a potential delayed rally.
3 min read
Updated: May. 1, 2024 at 12:35 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).