As the crypto market shows visible signs of recovery from its bearish slump, CryptoQuant’s on-chain and technical analyst, Darkfost, has shed light on the altcoin market.

The analyst highlighted how the altcoin market has suddenly shown several signs of shifts from a prolonged bearish phase into an early bullish phase.

Could mid and small-cap altcoins could drive the altseason?

According to the analyst, between 19th and 22nd August, the total market cap of altcoins excluding Bitcoin [BTC] and Ethereum, aka Total2, increased by about $215 billion. This marked a 24% hike in just three days, taking the market cap back above the $1 trillion-level.

Remarking on the same the analyst said,

Mid and small caps in particular rose the…