What happened?
Altcoin season is seeing traders selectively target tokens with liquidity and identifiable catalysts, rather than rushing to invest in every name on the market. As a result, Zcash, XRP, and Avantis have seen significant momentum due to distinct factors such as privacy features, payment system integration, and new listings across global exchanges, respectively.
Who does this affect?
This shift impacts cryptocurrency traders, as well as holders of Zcash, XRP, and Avantis, who could benefit from the increased activity and interest. In addition, exchanges featuring these tokens may experience higher trading volumes due to the ongoing ‘altseason’.
Why does this matter?
The market impact of this selective rotation in the altcoin season is significant. It helps push up the value of selected coins and creates a vibrant and dynamic trading environment. The focus on privacy, payments, and exchange access tokens is redefining how traders participate in the altcoin market, potentially setting a trend for future seasons.