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Crypto analyst Stockmoney Lizards highlighted five critical trends in the current altcoin cycle, offering insights into how investors can navigate an increasingly crowded market.
What Happened: The analyst acknowledges the overwhelming number of altcoins flooding the market, adding that the influx of new coins and scams makes it difficult for every coin to achieve significant price pumps, unlike in past cycles. "The money in the markets is flowing into a much higher number of cryptos than some years ago," thereby diluting potential gains.
The five trends he outlines are:
Also Read: Ethereum And Altcoins May ‘Quickly Rebound’ After FOMC Meeting, Trader Predicts
Why It Matters: Stockmoney Lizards noted that the traditional flow from Bitcoin to smaller caps may not hold this cycle, making it vital to prioritize robust fundamentals and strong technical charts. He adds that as "the chart tells you everything you need to know" it is important to focus on technology and tokenomics.
Heavily followed crypto trader Miles Deutscher highlighted that Bitcoin is 9% away from highs, while altcoins are 80% away from their highs.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Read Next: Top Crypto Analyst Shuffles Altcoin Portfolio Before Ethereum ETF: Here’s What He Rotated Into
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock
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