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Trading Titan Henrik Zeberg Reveals Key Ingredient Needed for Altcoin Season

Fri, 04/07/2023 - 12:30
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Gamza Khanzadaev
Altcoin season's missing ingredient revealed, macro expert Henrik Zeberg explains what's needed
Trading Titan Henrik Zeberg Reveals Key Ingredient Needed for Altcoin Season
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Amid Bitcoin's strong price growth since the beginning of the year, many participants in the crypto space could not help but notice a significant lag in altcoin price action. For example, of the total crypto market's four-month increase in market capitalization of $385.3 billion, $222 billion came with the BTC's performance. According to macro economist and trading guru, Henrik Zeberg, altcoin season is not here. Yet.

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In Zeberg's opinion, the missing ingredient to start a full-fledged rally in altcoin prices is greed. It will come, the expert says, as the Fed seems to be done. Zeberg also backs up his opinion with an analytical report from Glassnode and Swissblock co-founders Jan Happel and Yann Allemann.

Is altcoin season really close?

A report from the analysts aims to answer the question of how close the market is to the long-awaited altcoin season. Thus, Jan and Yann suggest with greater certainty that an alt rally will take place, with the transition phase from BTC to ETH already around the corner. However, against the dollar, both assets are now trending downward, which together with the bullish DXY setup creates uncertainty.

Ethereum (ETH) Saw Large Increase in Buying Activities From Smart Money

On the other hand, it is likely that the Fed will take a break from rising rates, which would mean the end of the quantitative tightening policy. Then, if altcoin season does arrive, Ethereum will go first, followed by large-cap tokens and then riskier ones, the report says. The authors also suggest paying attention to zero-knowledge crypto projects, which could lead to a possible rally.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.