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Top 5 altcoins from the 2021 bull run set to explode this cycle Table of Contents Market Musing-g Top 5 altcoins from the 2021 bull run set to explode this cycle able of ContentsBitcoin faces resistance enroute to its $100,000 target, with a likelihood of consolidation. This has sparked a fresh interest in the altcoin market. In 2021, altcoins delivered massive gains to traders when Bitcoin paused its rally, and a similar scenario may be unfolding this cycle.  With traders anticipating another potential breakout, we analyse key altcoins that could rally once more if Bitcoin takes a breather. This deep dive explores five altcoins from the 2021 bull run that are showing signs of gearing up for an explosive move this cycle. Table of Contents Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that’s right, millions love us!) — what are you waiting for? Bitcoin dominance dwindles, altcoin gains likely $BTC s dominance peaked at 61.53%, the highest level since 2021, on November 18. Since then, dominance has dwindled, down to 58.97% on Tuesday, November 26, 2024.  A decline in Bitcoin dominance typically paves the way for capital rotation into altcoins and a likely comeback in the altcoin season, where at least 75% of the tokens outperform Bitcoin in a 90-day timeframe.   During the 2021 bull run, Bitcoin dominance dropped to 40%, and altcoins started rallying, yielding nearly double-digit gains for traders during the cycle. A similar occurrence could push altcoin prices higher during this bull run. Bitcoin dominance % | Source: TradingView  You might also like:  Is it altcoin season? The altcoin season index on Blockchaincenter.net shows a steady climb in the scale that measures whether it is “alt season.” When 75% of the top 50 altcoins outperform Bitcoin in a 90-day timeframe, it confirms an alt season, excluding stablecoins like Tether, DAI, and asset-backed tokens like WBTC, stETH, and cLINK.  The chart shows an increase in the index, up from 6 on November 5 to 57 at the time of writing. Once the metric touches 75, it marks an “altcoin month.” When this occurs in the 90-day timeframe, it is altcoin season.  While it isn’t altcoin season yet, this shows steady progress towards the same, and traders can begin preparing by adding relevant altcoin tokens to their portfolio to take profits in the coming weeks. 

Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donald Trump in the US presidential election. On-chain data shows the Altcoin Season Index has more room for growth as capital flows more into BTC than altcoins. Bitcoin (BTC) reaches a new high of $98,384 on Thursday, with altcoins also rallying in response to US President-elected Donald Trump's crypto-friendly stance. On-chain data suggests the Altcoin Season Index has further growth potential, as investors appear hesitant to fully rotate into altcoins while BTC edges closer to the $100,000 milestone. Altcoin season is when cryptocurrencies other than Bitcoin see substantial price increases. Recent rally is an early sign of Altseason CryptoQuant’s weekly report on Wednesday shows that Layer-1 cryptocurrencies have seen a price surge after the US presidential election in early November. Cryptocurrencies like Ripple, Tron, Cardano, Toncoin, and Solana have seen their prices increase sharply based on expectations that the new US administration will be more pro-crypto. As showed in the report, Ripple Labs CEO said in an interview, “The crypto industry has embraced Trump; Trump has embraced the crypto industry…” Layer-1 cryptocurrencies price performance chart. Source: CryptoQuant The report further explains that the altcoin price surge was accompanied by a spike in spot trading volume, reaching one of the highest daily levels so far in 2024. Daily spot trading volume for altcoins increased after the US presidential election and spiked as high as $18 billion on November 11, the highest since early August. Before this, altcoin spot trading volume had remained muted since May. Altcoins Spot Trading Volume chart. Source: Santiment Despite the recent rally, the Altcoin Season has yet to start. The QCP report highlights that investors might not be ready to fully invest in altcoins, as BTC seems to have more legs to go before the 100K milestone. The report continued, “Historically, we’ve seen altcoins outperform whenever the majors consolidate after a significant rally as profits rotate into smaller-cap coins. BTC’s dominance is around 60% now, and it will probably need to be around <58% to signal the start of altcoin season.” Blockchaincenter.net’s Altcoin Season index chart provides a clearer picture. This metric shows whether it is Altcoin or Bitcoin season. If the index is below 25, it suggests that Bitcoin performs well compared to altcoins (money flows into Bitcoin from altcoins). However, if the index is above 75, it suggests that altcoins perform better than Bitcoin (money flows into altcoins from Bitcoin). The index stands at 33, indicating that altcoins have more room for growth. Investors still prefer to invest their money in Bitcoin or hold it rather than transferring it to altcoins. Altcoin Season index chart. Source: Blockchaincenter.net If 75% of the Top 50 coins performed better than Bitcoin $BTC over the last season (90 days), it also indicates Altcoin Season. These excluded from the Top 50 are Stablecoins (Tether, DAI…) and asset-backed tokens (WBTC, stETH, cLINK). The graph below shows that altcoins like Mantra (OM), Sui ($SUI ), Dogecoin ($DOGE ), and other coins have performed better. However, most other top altcoins are still under the woods. This shows more room for growth and the altcoin season is yet to come.

Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donald Trump in the US presidential election. On-chain data shows the Altcoin Season Index has more room for growth as capital flows more into BTC than altcoins. Bitcoin (BTC) reaches a new high of $98,384 on Thursday, with altcoins also rallying in response to US President-elected Donald Trump's crypto-friendly stance. On-chain data suggests the Altcoin Season Index has further growth potential, as investors appear hesitant to fully rotate into altcoins while BTC edges closer to the $100,000 milestone. Altcoin season is when cryptocurrencies other than Bitcoin see substantial price increases. Recent rally is an early sign of Altseason CryptoQuant’s weekly report on Wednesday shows that Layer-1 cryptocurrencies have seen a price surge after the US presidential election in early November. Cryptocurrencies like Ripple, Tron, Cardano, Toncoin, and Solana have seen their prices increase sharply based on expectations that the new US administration will be more pro-crypto. As showed in the report, Ripple Labs CEO said in an interview, “The crypto industry has embraced Trump; Trump has embraced the crypto industry…” Layer-1 cryptocurrencies price performance chart. Source: CryptoQuant The report further explains that the altcoin price surge was accompanied by a spike in spot trading volume, reaching one of the highest daily levels so far in 2024. Daily spot trading volume for altcoins increased after the US presidential election and spiked as high as $18 billion on November 11, the highest since early August. Before this, altcoin spot trading volume had remained muted since May. Altcoins Spot Trading Volume chart. Source: Santiment Despite the recent rally, the Altcoin Season has yet to start. The QCP report highlights that investors might not be ready to fully invest in altcoins, as BTC seems to have more legs to go before the 100K milestone. The report continued, “Historically, we’ve seen altcoins outperform whenever the majors consolidate after a significant rally as profits rotate into smaller-cap coins. BTC’s dominance is around 60% now, and it will probably need to be around <58% to signal the start of altcoin season.” Blockchaincenter.net’s Altcoin Season index chart provides a clearer picture. This metric shows whether it is Altcoin or Bitcoin season. If the index is below 25, it suggests that Bitcoin performs well compared to altcoins (money flows into Bitcoin from altcoins). However, if the index is above 75, it suggests that altcoins perform better than Bitcoin (money flows into altcoins from Bitcoin). The index stands at 33, indicating that altcoins have more room for growth. Investors still prefer to invest their money in Bitcoin or hold it rather than transferring it to altcoins. Altcoin Season index chart. Source: Blockchaincenter.net If 75% of the Top 50 coins performed better than Bitcoin $BTC over the last season (90 days), it also indicates Altcoin Season. These excluded from the Top 50 are Stablecoins (Tether, DAI…) and asset-backed tokens (WBTC, stETH, cLINK). The graph below shows that altcoins like Mantra (OM), Sui ($SUI ), Dogecoin ($DOGE ), and other coins have performed better. However, most other top altcoins are still under the woods. This shows more room for growth and the altcoin season is yet to come.

Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donald Trump in the US presidential election. On-chain data shows the Altcoin Season Index has more room for growth as capital flows more into BTC than altcoins. Bitcoin (BTC) reaches a new high of $98,384 on Thursday, with altcoins also rallying in response to US President-elected Donald Trump's crypto-friendly stance. On-chain data suggests the Altcoin Season Index has further growth potential, as investors appear hesitant to fully rotate into altcoins while BTC edges closer to the $100,000 milestone. Altcoin season is when cryptocurrencies other than Bitcoin see substantial price increases. Recent rally is an early sign of Altseason CryptoQuant’s weekly report on Wednesday shows that Layer-1 cryptocurrencies have seen a price surge after the US presidential election in early November. Cryptocurrencies like Ripple, Tron, Cardano, Toncoin, and Solana have seen their prices increase sharply based on expectations that the new US administration will be more pro-crypto. As showed in the report, Ripple Labs CEO said in an interview, “The crypto industry has embraced Trump; Trump has embraced the crypto industry…” Layer-1 cryptocurrencies price performance chart. Source: CryptoQuant The report further explains that the altcoin price surge was accompanied by a spike in spot trading volume, reaching one of the highest daily levels so far in 2024. Daily spot trading volume for altcoins increased after the US presidential election and spiked as high as $18 billion on November 11, the highest since early August. Before this, altcoin spot trading volume had remained muted since May.  Altcoins Spot Trading Volume chart. Source: Santiment  Despite the recent rally, the Altcoin Season has yet to start. The QCP report highlights that investors might not be ready to fully invest in altcoins, as BTC seems to have more legs to go before the 100K milestone. The report continued, “Historically, we’ve seen altcoins outperform whenever the majors consolidate after a significant rally as profits rotate into smaller-cap coins. BTC’s dominance is around 60% now, and it will probably need to be around <58% to signal the start of altcoin season.” Blockchaincenter.net’s Altcoin Season index chart provides a clearer picture. This metric shows whether it is Altcoin or Bitcoin season. If the index is below 25, it suggests that Bitcoin performs well compared to altcoins (money flows into Bitcoin from altcoins). However, if the index is above 75, it suggests that altcoins perform better than Bitcoin (money flows into altcoins from Bitcoin). The index stands at 33, indicating that altcoins have more room for growth. Investors still prefer to invest their money in Bitcoin or hold it rather than transferring it to altcoins. Altcoin Season index chart. Source: Blockchaincenter.net If 75% of the Top 50 coins performed better than Bitcoin $BTC over the last season (90 days), it also indicates Altcoin Season. These excluded from the Top 50 are Stablecoins (Tether, DAI…) and asset-backed tokens (WBTC, stETH, cLINK).  The graph below shows that altcoins like Mantra (OM), Sui ($SUI ), Dogecoin ($DOGE ), and other coins have performed better. However, most other top altcoins are still under the woods. This shows more room for growth and the altcoin season is yet to come. Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donald Trump in the US presidential election. On-chain data shows the Altcoin Season Index has more room for growth as capital flows more into BTC than altcoins. Bitcoin (BTC) reaches a new high of $98,384 on Thursday, with altcoins also rallying in response to US President-elected Donald Trump's crypto-friendly stance. On-chain data suggests the Altcoin Season Index has further growth potential, as investors appear hesitant to fully rotate into altcoins while BTC edges closer to the $100,000 milestone. Altcoin season is when cryptocurrencies other than Bitcoin see substantial price increases. Recent rally is an early sign of Altseason CryptoQuant’s weekly report on Wednesday shows that Layer-1 cryptocurrencies have seen a price surge after the US presidential election in early November. Cryptocurrencies like Ripple, Tron, Cardano, Toncoin, and Solana have seen their prices increase sharply based on expectations that the new US administration will be more pro-crypto. As showed in the report, Ripple Labs CEO said in an interview, “The crypto industry has embraced Trump; Trump has embraced the crypto industry…” Layer-1 cryptocurrencies price performance chart. Source: CryptoQuant The report further explains that the altcoin price surge was accompanied by a spike in spot trading volume, reaching one of the highest daily levels so far in 2024. Daily spot trading volume for altcoins increased after the US presidential election and spiked as high as $18 billion on November 11, the highest since early August. Before this, altcoin spot trading volume had remained muted since May.  Altcoins Spot Trading Volume chart. Source: Santiment  Despite the recent rally, the Altcoin Season has yet to start. The QCP report highlights that investors might not be ready to fully invest in altcoins, as BTC seems to have more legs to go before the 100K milestone. The report continued, “Historically, we’ve seen altcoins outperform whenever the majors consolidate after a significant rally as profits rotate into smaller-cap coins. BTC’s dominance is around 60% now, and it will probably need to be around <58% to signal the start of altcoin season.” Blockchaincenter.net’s Altcoin Season index chart provides a clearer picture. This metric shows whether it is Altcoin or Bitcoin season. If the index is below 25, it suggests that Bitcoin performs well compared to altcoins (money flows into Bitcoin from altcoins). However, if the index is above 75, it suggests that altcoins perform better than Bitcoin (money flows into altcoins from Bitcoin). The index stands at 33, indicating that altcoins have more room for growth. Investors still prefer to invest their money in Bitcoin or hold it rather than transferring it to altcoins. Altcoin Season index chart. Source: Blockchaincenter.net If 75% of the Top 50 coins performed better than Bitcoin $BTC over the last season (90 days), it also indicates Altcoin Season. These excluded from the Top 50 are Stablecoins (Tether, DAI…) and asset-backed tokens (WBTC, stETH, cLINK).  The graph below shows that altcoins like Mantra (OM), Sui ($SUI ), Dogecoin ($DOGE ), and other coins have performed better. However, most other top altcoins are still under the woods. This shows more room for growth and the altcoin season is yet to come.

Ahoy Puffers! We’re excited to kick off a series that dives deep into Puffer Finance, showcasing our standout role in the bustling world of liquid restaking. Our mission is to enhance Ethereum’s security and accessibility by setting new standards in how its network operates — ensuring it remains robust, decentralized, and profitable. Join us as we explore the transformative features and opportunities that Puffer offers, ensuring you’re well-equipped to navigate the currents of the restaking seas. What is Puffer Finance? The Next-Gen Liquid Restaking Platform Puffer Finance is a Native Liquid Restaking Protocol (nLRP) built on the innovative EigenLayer, offering a dynamic staking platform for Ethereum users. When you stake your Ether (ETH) with us, you are doing more than just securing the Ethereum network; you’re also earning attractive yields and rewards. Our platform welcomes all stakers, with no minimum amount required, ensuring everyone can participate in Ethereum’s growth. This is just the beginning — by staking with Puffer, you can also take advantage of numerous partner protocols that enhance the utility and profitability of your staked assets. At Puffer, we are deeply committed to preserving Ethereum’s decentralized ethos. We support this by offering liquid restaking services to all crypto users and empowering Node Operators, the backbone of the Ethereum network. We significantly lower the entry barriers to run a validator; whereas a typical validator has to stake a 32 ETH bond to participate, Puffer enables anyone to operate a validator with as little as 2 ETH. This reduced entry requirement enables Node Operators to achieve comparable yield potentials as traditional ETH stakers, enhancing their returns without significant initial investment, while simultaneously keeping Ethereum’s framework decentralized and robust. By engaging with Puffer, both stakers and Node Operators are rewarded with robust incentives. As a staker, you will enjoy multiple incentives: traditional PoS rewards, EigenLayer AVSs rewards (coming soon), and exclusive incentives from participating in our partner protocols, which may include airdrops and special rewards. These rewards are designed to enrich your investment experience, making your contribution to network security both essential and highly rewarding. What is Restaking and Its Purpose? Staking forms the bedrock of security and operation for Proof of Stake (PoS) blockchains, allowing participants to lock up native cryptocurrency to support network stability and earn rewards. Following Ethereum’s ‘The Merge’ upgrade in September 2022, it transitioned to a PoS mainnet, aligning with the current trend favoring staking over traditional crypto mining. A significant volume of ETH, over 32 million, is committed to this cause, securing the network through the efforts of hundreds of thousands of validators. Source: beaconcha.in Building on traditional staking, restaking emerges as an innovative concept facilitated by EigenLayer, allowing the simultaneous use of staked ETH across multiple platforms. This advancement not only amplifies the trust and security initially provided by Ethereum staking but also extends those assets to support additional applications and layers developed atop the Ethereum network. As a result, the application of Ethereum’s cryptoeconomic security is broadened, enhancing the ecosystem’s stability and trustworthiness. EigenLayer redefines restaking by operating as a decentralized trust market on the Ethereum blockchain. The Actively Validated Services (AVS), a core mechanism of EigenLayer, enables the security provided by Ethereum validators to extend to other applications and protocols within the ecosystem, without requiring validators to unstake their ETH. This system preserves the integrity and security of the base layer while bolstering the overall resilience of the Ethereum ecosystem. As we delve deeper into restaking, you’ll discover that Ethereum stakers like yourself can now secure a variety of decentralized applications (dApps) and additional layers, diversifying your income streams and significantly contributing to the robustness of the Ethereum network. Restaking has proven to be a multi-tiered security model that not only boosts the earning potential from staked assets but also enhances the overall liquidity and operational efficiency of the blockchain ecosystem. This model exemplifies how the extended utility of staked assets and collective participation can forge a more secure, adaptable, and thriving digital landscape. Puffer Features Overview Leveraging the capabilities of EigenLayer, Puffer is transforming the restaking landscape by introducing several innovative features that enhance security, accessibility, and rewards for you, our participants. Here’s a closer look at the key features that set Puffer apart: Native Liquid Restaking Token (nLRT): We introduce our own nLRT, pufETH, which uses native ETH as collateral instead of traditional Liquid Staking Tokens (LSTs). This innovation not only delivers traditional PoS yields but also restaking yields through EigenLayer, enhancing economic viability and promoting decentralization among validators. Low Entry Barrier for Solo Stakers: With the upcoming implementation of Secure-Signer technology, we are reducing the required bond from 32 ETH to just 2 ETH. This significant reduction allows a broader range of participants, particularly solo stakers, to join our network, fostering a more decentralized and diverse validator set. Permissionless Participation: Puffer champions a permissionless approach, allowing anyone to engage with our platform without needing approval or authorization from a central authority. We ensure that all potential validators, regardless of their geographic location or economic background, have the opportunity to contribute to and benefit from the Ethereum ecosystem. Secure-Signer Technology: Backed by an Ethereum Foundation grant, Secure-Signer is a remote-signing tool designed to prevent slashable offenses, functioning similarly to a hardware wallet for validators. This tool boosts validator security by signing only non-slashable messages, thus reducing the risk of penalties due to software bugs or user errors. Secure-signer is going live soon, so stay tuned! Validators Ticket: Validator tickets are a unique part of Puffer’s mechanism, allowing validators to deposit and potentially increase their earnings through sales. These tickets align incentives and safeguard staker ETH, enhancing both security and profitability for validators. Multiple Rewards: At Puffer, you receive not only traditional PoS staking yields, upcoming EigenLayer AVSs yields, and also Puffer Points, a dynamic element of Puffer’s ecosystem which could lead to exciting future opportunities. As a pufETH staker, you can earn rewards from partnered protocols, enhancing the overall profitability and attractiveness of participating in our ecosystem. What Can You Do on Puffer? As you’ve seen, Puffer stands out in its unique approach compared to other liquid restaking protocols. With us, you get to enhance your DeFi experience and maximize profitability through various quests and activities, all designed to contribute to the decentralization and security of Ethereum. Here’s what you can do on Puffer: Stake Your ETH with Puffer: By staking ETH on Puffer, you can earn Puffer Points and accumulate exclusive points from our partnered protocols, which could potentially be converted into additional airdrops. Restake Your stETH with Puffer: If you have already staked your ETH, specifically with Lido, the largest staking protocol on Ethereum, you can restake your stETH directly with us. We are committed to converting all stETH deposits in our protocol into ETH to support our permissionless validators on Puffer’s Mainnet. By restaking stETH with us, you play a crucial role in securing the Ethereum network and reducing the centralization risk posed by stETH (approximately 29% of ETH staked with Lido). Restaking with Puffer provides the same benefits as staking ETH, including earning Puffer Points and points from partnered protocols, while simultaneously decentralizing the Ethereum landscape. Become a Node Operator: With just 2 ETH, you can become one of the validators on Puffer’s network. This low entry barrier allows more participants to join as node operators, enjoying the same yield potentials as conventional ETH validators (those who staked 32 ETH). To get started and learn more about the requirements and benefits of becoming a Node Operator, visit our detailed validator documentation. Enhance Rewards with DeFi Integration: We recently launched Chapter 4 of the Crunchy Carrot Quest, which integrates various DeFi elements to supercharge your staking rewards. By engaging with our DeFi integrations and participating in promotions, you can significantly amplify your exposure to Puffer Points and points from partner protocols. Multiple rewards for all pufETH stakers! Check your rewards here. Puffer’s Mission to the Ethereum Ecosystem As we wrap up this introduction to Puffer Finance, let’s underscore our core mission: to enhance, secure and decentralize the Ethereum ecosystem through innovative restaking solutions. Puffer is not just about offering a platform for staking; we’re setting new standards in how Ethereum’s network operates, ensuring it remains robust, decentralized, and profitable. By integrating native restaking on EigenLayer, we expand viable revenue streams for node operators and stakers alike, ensuring that everyone involved enjoys enhanced rewards and greater security. Thank you for joining us on this exploration of Puffer’s unique contributions to Ethereum. We are excited to delve deeper into these topics and more in upcoming articles. Stay engaged with us as we continue to unfold the potentials of restaking and its impact on the future of blockchain technology. $PUF