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As with everything in the world, the emergence of Bitcoin 
$103,762 led to the need for diversity in cryptocurrencies, resulting in many new projects over time. Litecoin appeared right after BTC, followed by thousands of altcoins flooding the market. Although these projects generally have different goals, many projects aim to achieve the same purpose. The increase in the number of altcoins has paved the way for them to affect different audiences, leading to the influx of trillions of dollars into the market.
Is the Altcoin Season Here?
Today, it is observed that market participants’ interest in altcoins has increased. Periodic concentration on different project groups also attracts investors‘ attention.
For example, meme coins, metaverse tokens, RWAs, and many projects emerging from airdrops can be considered as cryptocurrencies that are periodically concentrated on.
While Bitcoin’s price fluctuations continue recently, altcoins are also clearly affected. Both high-volume altcoins and those in the middle and lower tiers of the market have shown noticeable declines in the charts. Despite this, market analysts continue to make bullish statements one after another.
First, looking at the statements of one of the prominent market analysts, Captain Faibik, he emphasized the fourth quarter.
The analyst shared a chart and made the following statements:
It looks like Altcoins are ready to come back soon… In the 4th Quarter, Altcoins could potentially reach their highest levels in March 2024. Patiently accumulate your Altcoin Bags and HODL (Patience will pay off).
Following Faibik’s statements, another market analyst CaptToblerone also made statements reflecting his bullish expectations:
$BTC.D – Finally, the time has come. Get ready for a 5-month #Altseason.
Current Status of High-Volume Altcoins
While analysts’ bullish expectations continue, attention is also on high-volume altcoins. Ethereum 
$2,606‘s price is currently trading at $2,295, reflecting a 0.26% increase. Within the top 10, the rise of Cardano (ADA) and Solana (SOL) is noteworthy.
ADA rose by 4.40% in the last 24 hours to $0.3387, while SOL increased to $129.57. One of the most notable events of the day was TON falling out of the top 10 after a long time. Despite a 2% increase today and a price value of $4.72, TON dropped to the 11th position.
