Altcoin Season: Meme Coins Leading the Charge?
The crypto community is eagerly awaiting the arrival of Altcoin Season, a period where non-Bitcoin tokens experience significant gains. While institutional investors and spot Ethereum ETFs have been speculated as potential triggers, the current surge in meme coins could be the driving force.
Meme Coins Powering the Rally
Over the past 90 days, meme coins have outperformed other sectors, leading the charge for the next Altcoin Season.
- **Mog Coin (MOG)** has seen a staggering **350%** rise.
- **Brett (BRETT)** has recorded an impressive **370%** increase.
- **PEPE** and **BONK** have also gained significant traction, with **137%** and **101%** gains respectively.
This bullish sentiment towards meme coins could be a catalyst for broader altcoin market growth. While the crypto market may not take these tokens seriously, the continued investment in meme coins suggests a potential shift in sentiment.
Ethereum’s Role in Altcoin Season
While meme coins may be the current frontrunners, the launch of spot Ethereum ETFs is anticipated to provide a substantial boost to the Altcoin Season. The approval of these ETFs is seen as a positive development, but the actual launch is expected to be a much bigger event.
With multiple delays, the spot ETH ETFs are likely to launch on **July 23rd**. Bloomberg ETF analyst Eric Balchunas reports that the Securities and Exchange Commission (SEC) is in active discussions with issuers and anticipates a positive outcome this week.
The arrival of Altcoin Season remains uncertain, but with meme coins leading the way and the potential impact of Ethereum ETFs, the crypto market could be poised for a significant altcoin rally.
