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Crypto Express

07/13 09:47

FET, AAVE, DOGE lead altcoin accumulation

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FET, AAVE, DOGE lead altcoin accumulation – Will it trigger a new altseason? 
Market data showed massive accumulation for several altcoins. In fact, a positive impulse signal for alts was triggered, suggesting that we could soon witness an explosive altseason. 

Selected altcoins have outperformed Bitcoin [BTC] after it printed a new record high recently.

And the 2% drop in BTC dominance showed that a small capital rotation from BTC to altcoins had happened. But a larger rotation could soon follow. 

In a recent report, CryptoQuant analyst Joao Wedson highlighted massive accumulation across Aave [AAVE], Dogecoin [DOGE], Maker [MKR], Chainlink [LINK], Artificial Superintelligence Alliance [FET], and more. 
The red bars show outflows (accumulation) of tokens moved from exchanges to users’ wallets. Exchanges saw more outflows than inflows, suggesting growing conviction of a likely surge.  
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