Mati Greenspan, senior market analyst for social trading platform eToro, recently stated that as bitcoin stagnates and altcoins spike, it seems we have entered a so-called alt season.
“Global volume across crypto exchanges is holding steady at around $30 billion per day, yet bitcoin’s volume is less than a third of that figure,” he wrote in Monday’s newsletter.
“Sure, bitcoin exchange volumes are still about double what they were in early February, but some coins like Litecoin, EOS, and BNB have more than tripled their daily volumes in the same time frame,” said Greenspan.
Read More.. Source Forbes