Gold Rally Dey Delay Altcoin Season 3.0 Bifo September
Crypto analyst Michael van de Poppe warn say di ongoing gold rally dey keep investors inside risk-off mode, e dey delay di much awaited altcoin season. Gold don give 8% return for September so far, e beat all except Ethereum wey don gain 15%. Poppe talk say gold get local top wey fit be turning point: wen selling pressure cool down, altcoin season fit start, e go follow di past four-year cycles wey make 100x–125x gain for low-cap tokens. Di expectation of Fed rate cut for di September 17 FOMC meeting and di drop for Bitcoin (BTC) dominance—wey be about 56.4% now—dem dey see as catalysts for bigger altcoin rally. Analyst Crypto Patel predict say high-potential altcoins go run 5x+ until BTC dominance fall reach 40%–45%. Same way, commentator 0xNobler talk say major altcoin seasons normally dey start for September, e come coin di term “Altcoin Season 3.0.” Traders suppose dey watch out for gold short-term peak and position for possible movement go risk-on assets.
Neutral
Di artikel tok tok say wan strong risk-off feeling wey gold rally bring, wei dey delay di start of Altcoin Season 3.0 now. Even though di medium-term tins like possible Fed rate cut and di reduce for Bitcoin dominanse dey show say e go better after gold reach e peak, di market wey dey happen now still tight. History show say altcoin seasons dey begin every September every four years, but for now, traders no dey see plenty price movement till di short-term top for gold sure.