|-Some DeFi coins and non-DeFi coins showed a huge 1,000% spike over the last three months.|
-Many crypto investors have been waiting for the altseason to occur.
-Even more, almost all the coins started to stagnate. Will this be the end of the alt season?
After a record-breaking start to the year for Bitcoin and Ethereum, some DeFi coins and non-DeFi coins showed a huge 1,000% spike over the last three months.
Many crypto investors have been waiting for the altseason to occur, however specialists have called it as a new altcoin season is upon us.
Altcoins Spiked Over 1,000% in Past Three Months
According to the Quora post, DeFi coins namely UNI, AAVE, SNX, YFI, ALPHA, MAHA, SUSHI, COMP, 1INCH, and CRV have shown a huge 1,000% spike over the last three months. In addition, non-DeFi coins THETA, NEXO, ZIL, EGLD, and VET also showed a 1,000% surge over the same time period.
Added to this, non-DeFi coins ENJ, ADA, MATIC, ELA, DENT, IOTA, AVAX, and BNB, pumped hard by 300% to reach a total of 1,000% over the last 3 months. As well as the stablecoin BAT and ELA pumped by 100%.
According to CoinMarketCap, APY had made headlines, resulting in roughly 386.28% gains in the last seven days. Hence, the GRT price is now at $4.62. Top altcoin gainer VNL is also priced at $6.98 with 2,855% this week. Moreover, the BTS price at $17.02 caused over 2,140% gains this week.
Nonetheless, even in a flooding altcoin market, a few resources will consistently perform in a way that is better than others. More so, ascertaining which ones will outperform the markets is the place where fundamental analysis becomes possibly the most important factor.
That’s why it will be interesting to look into what happens next. Even more, almost all the coins started to stagnate. Will this be the end of the alt season? It’s quite possible, but there is also a chance that all of those coins double again until March. There are 50/50 possibilities for both situations.
Quora writer Marius Kramer added,
“That’s why it’s always best to have a good diversification in your portfolio, so that you always win.”
Moreover, it would be a good idea to sell 50% of those coins into ETH, USDT, and BTC for now. TheNewsCrypto team wants the cryptocurrency investors to be smart in safeguarding their assets without losses.