Altseason is coming — and traders are more discerning this time
Altseason is almost here and early signs suggest traders are becoming more selective, with capital flowing into revenue-generating protocols across a number of different narratives.
Altseason may not be officially here, but traders are starting their rotations — and the numbers are getting harder to ignore.
Over the past 30 days, memecoin launchpad PONS soared more than 350% in price, while in DeFi, Uniswap’s UNI gained more than 110%, Arbitrum’s ARB jumped over 150% and AI-focused NEAR also shot up around 180%.
Privacy token Zcash hit a record high above $1,600 last week, while Bitcoin Layer-2 token LIT and memecoin launchpad token PUMP are also among the biggest gainers over the period, according to CoinMarketCap.