Analysts: Altcoins show signs of recovery, but it's too early to say a "livestock season" has begun.

PANews reported on May 13th that CryptoQuant analyst Darkfost stated in an article on the X platform that despite the ongoing pressure from the US-Iran conflict and inflationary pressures on the market, altcoins have recently begun to show signs of recovery. After experiencing an overall correction of over 50%, the altcoin sector is gradually regaining activity. This round of adjustment is not only affected by the Bitcoin correction but also related to token dilution in the market. Currently, there are approximately 51 million altcoins in the market, with 46% deployed on Solana, 36% on Base, and 10% from BNB Chain. The overall performance of altcoins listed on Binance has recovered to levels seen since September 2025, with approximately 21% regaining their 200-day moving average, compared to only 2% maintaining this technical level in February of this year. Darkfost believes this indicates a resurgence in market interest in altcoins, which is an important signal for investors seeking to allocate assets. However, it is still too early to conclude that an altcoin season has begun, as market liquidity remains limited.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
The Korean won stablecoin KRWQ has been expanded to the Solana network.
PANews Newsflash