Altcoin Rally May Have Legs if Bitcoin Stays Strong and Crypto ETF Hype Persists – But There’s a Catch: Santiment
Prominent analytics firm Santiment says the altcoin market may continue to rally as long as two main factors persist.
In a new strategy session, Santiment says altcoins will likely continue to trend higher if Bitcoin (BTC) does not return to the $80,000 range and if possible, exchange-traded funds (ETFs) for alts continue to generate excitement.
“As we kick off May trading, stay alert to quickly evolving narratives – particularly if Bitcoin holds its position, and profits continue redistributing to various projects based on the latest news breaks. The altcoin rally may have legs if ETF hype continues, and if Bitcoin can stay strong above $90,000.”
Specifically, Santiment notes there is investor enthusiasm around the…
