3 ways to detect the start

The Fear & Greed Index, which measures the current sentiment on the crypto market, is currently in the “fear” range. After the start of the year was extremely promising with the approval of Bitcoin ETFs and the new all-time high, enthusiasm has now given way to uncertainty. Not only is the BTC price not moving, but times are particularly difficult for investors in many altcoins.

This is demonstrated by a look at the total market capitalization of the altcoin sector (excluding Bitcoin), which has now fallen well below one trillion US dollars. Compared to the annual highs in March, the decline amounts to around 30 percent. For some well-known altcoins, the correction is even more pronounced.

For example, the Cardano price has fallen by almost 60 percent since March and Avalanche has fallen by almost 70 percent. The Memecoin hype of the spring also seems to be over, as shown by the 70 percent decline from the annual high for Dogwifhat, for example.

The comparatively low prices could be a tempting opportunity for investors to stock up on their favorite cryptocurrencies for the next altcoin season. But when can we expect them to start? Investors should keep an eye on these 3 factors.