306335
Yuriy
@syme81 #306335
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The cryptocurrency market experienced a mixed week, with both gains and losses across major assets. Bitcoin (BTC) started the week strong, reaching a high of $24,000, but then faced selling pressure, closing the week at around $23,000. Ethereum (ETH) also saw an initial surge, reaching a high of $1,600, but then retraced to around $1,500.
The altcoin market was more volatile, with some coins posting significant gains while others suffered losses. Solana (SOL) was one of the top performers, rising over 20% on the week. However, Cardano (ADA) and Avalanche (AVAX) both experienced double-digit losses.
The total market capitalization of all cryptocurrencies remained above $1 trillion, but it has been trending lower in recent weeks. The daily trading volume also declined, indicating a potential slowdown in activity.
The altcoin market was more volatile, with some coins posting significant gains while others suffered losses. Solana (SOL) was one of the top performers, rising over 20% on the week. However, Cardano (ADA) and Avalanche (AVAX) both experienced double-digit losses.
The total market capitalization of all cryptocurrencies remained above $1 trillion, but it has been trending lower in recent weeks. The daily trading volume also declined, indicating a potential slowdown in activity.
Why Hasn't Altseason Started Yet and When Will It Begin?
Altseason, the period when altcoins outperform Bitcoin, has yet to materialize in 2025. Here are the main reasons:
Bitcoin Dominance: Bitcoin's market dominance remains high, hovering around 60%1. For altseason to start, Bitcoin dominance typically needs to drop below 50%2.
Market Corrections: Recent market corrections have led to significant liquidations, with over $2 billion lost in a single event3. This has shaken investor confidence in altcoins.
Regulatory Uncertainty: Ongoing regulatory scrutiny and uncertainty continue to create a cautious environment for altcoin investments4.
When Will Altseason Begin?
Analysts are divided on the timing. Some predict that altseason could start in the first half of 2025 if Bitcoin's dominance decreases and market conditions stabilize2. Others suggest that it might take until late 2025 for altcoins to gain significant traction3
Altseason, the period when altcoins outperform Bitcoin, has yet to materialize in 2025. Here are the main reasons:
Bitcoin Dominance: Bitcoin's market dominance remains high, hovering around 60%1. For altseason to start, Bitcoin dominance typically needs to drop below 50%2.
Market Corrections: Recent market corrections have led to significant liquidations, with over $2 billion lost in a single event3. This has shaken investor confidence in altcoins.
Regulatory Uncertainty: Ongoing regulatory scrutiny and uncertainty continue to create a cautious environment for altcoin investments4.
When Will Altseason Begin?
Analysts are divided on the timing. Some predict that altseason could start in the first half of 2025 if Bitcoin's dominance decreases and market conditions stabilize2. Others suggest that it might take until late 2025 for altcoins to gain significant traction3
🌟 Exciting Updates in the Farcaster Ecosystem! 🌟
The Farcaster ecosystem continues to evolve with groundbreaking innovations and updates. Here are some of the latest highlights:
🔹 Clanker_v3 Compatibility: The new Clanker_v3 is now compatible with SuperchainERC20, enabling seamless integration and multiple presale launches1.
🔹 Account Recovery Fix: Warpcast has resolved a bug affecting account recovery on the mobile app. If you faced issues, try again now for a smooth experience2.
🔹 AI Pets Coming Soon: Supercast founder Woj announced the upcoming launch of AI Pets. Each user will receive three unique pets, with one getting its own Farcaster account to interact independently2.
🔹 Real-Time Zora Activity.
🔹 Rainbow Groupies: Experience the magic of Rainbow Groupies, now live! Each groupie embodies a unique color to match your aura2.
Stay tuned for more exciting developments as Farcaster continues to push the boundaries of decentralized social media! 🚀
The Farcaster ecosystem continues to evolve with groundbreaking innovations and updates. Here are some of the latest highlights:
🔹 Clanker_v3 Compatibility: The new Clanker_v3 is now compatible with SuperchainERC20, enabling seamless integration and multiple presale launches1.
🔹 Account Recovery Fix: Warpcast has resolved a bug affecting account recovery on the mobile app. If you faced issues, try again now for a smooth experience2.
🔹 AI Pets Coming Soon: Supercast founder Woj announced the upcoming launch of AI Pets. Each user will receive three unique pets, with one getting its own Farcaster account to interact independently2.
🔹 Real-Time Zora Activity.
🔹 Rainbow Groupies: Experience the magic of Rainbow Groupies, now live! Each groupie embodies a unique color to match your aura2.
Stay tuned for more exciting developments as Farcaster continues to push the boundaries of decentralized social media! 🚀
Just minted my sovereignty attestations onchain!
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MEGA DROP
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