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Bybit and Block Scholes Report: Timing Altcoin Season in a Sea of Uncertainty

DUBAI, UAE, Feb. 12, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, spotlights altcoins in a report jointly released with Block Scholes, offering insights on factors that may have delayed the arrival of an altcoin boom. Titled “ Altcoin Rotation — Why Altseason Hasn’t Come This Time? “, the report maps out consistent patterns and examines broader market dynamics to decipher signals of the next altseason, contributing to analysis on why traditional altcoin behavior has deviated in the current cycle. Altseason: It’s All About Timing Traders counting on capital flows from mainstream cryptocurrencies like BTC and ETH to altcoins are betting on spurs of explosive growth—often surging by 6x to 7x in market cap, but many are finding their patience tested. The report highlighted a departure from cyclical precedents in the current market, with BTC continuing to command dominance after hitting multiple all-time-highs, in defiance of historical patterns of over a decade. The fact that BTC has yet to cede ground to niche projects in this cycle speaks to more than investors’ preferences for profit-taking styles. Characterized by periods of “significant and sustained outperformance of altcoins” over large-cap tokens, altseasons often mark the outro of a bull run. “Of the three crypto bull runs that we’ve defined, the most recent two have experienced a phenomenon known to many crypto traders as ‘Altcoin Season’,” said the report. The New Landscape and the Path Ahead Against the backdrop of an energized market, the lukewarm performance in altcoins is leaving seasoned traders wondering about the why, how, and what next. The report uncovers insights on notable factors responsible for the deviation, including BTC halvings, the DeFi summer of 2020, ETF-induced institutional capital inflows, and the grand stablecoin play. Several outcomes point to the possibility of fundamental changes in the cryptocurrency markets. For instance, the halving effect in Apr. 2024 did not slow down BTC’s performance, indicating a new structural change in market behaviors. The report also looks ahead at potential catalysts in the new era of altseasons. The primary scenario involves a natural rotation of capital as BTC holders take profits at new highs, redirecting funds into altcoins. Another possibility centers on ETH’s performance—if it begins to outperform BTC, it could spark broader interest in alternative cryptocurrencies, similar to previous market cycles. Further, institutional investors warming up to new regulatory norms, combined with sustained retail enthusiasm in meme coins, could both contribute to triggering a broader altseason. More information about the article and the full analysis in the report are available on Bybit Learn . #Bybit / #TheCryptoArk /#BybitResearch //ENDS About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube AMB Crypto

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A small city in Romania could ‘soon’ adopt cryptocurrency, as hinted on X

A small city in Romania called Sibiu could “soon” adopt cryptocurrency, according to a casual interaction on X this morning. In particular, the Romanian city could be eyeing to “fully adopt” MultiversX ( EGLD ), a blockchain developed by a Romania-based team. The interaction started with xEli (@ElrondEli1) saying “the vice president of Sibiu county” liked an EGLD-related post, tagging Vlad Vasiu. “When will EGLD be fully adopted in Sibiu/Romania?,” xEli asked. Surprisingly, Vlad Vasiu, the Vice President of the Sibiu County Council (vicepreședintele Consiliului Județean Sibiu, in Romanian), according to Sibiu Independent, responded that it would be “Soon.” Soon ???????? — Vlad Vasiu (@vlad_vasiu) February 12, 2025 Will Sibiu, in Romania, adopt EGLD soon? This comment has sparked speculation on the MultiversX community that Sibiu could soon adopt the cryptocurrency EGLD. While Vasiu’s answer does not give a conclusive confirmation or a timeline for that, it does suggest that there are official interest in doing so, with the city’s council having an eye on MultiversX and the broader cryptocurrency market. Notably, the blockchain context in Romania is favorable for what could be an upcoming adoption, starting in Sibiu. The country is known for its crypto-friendly approach and already has blockchain implemented in a few applications. For example, Finbold reported how blockchain was used to register votes of the Romanian Presidential Elections in November 2024. Moreover, xMoney Global – a leading Web3 payment provider, according to Binance – is launching three MiCA-compliant stablecoins in Europe , including RONX. This stablecoin will be pegged to the Romanian Leu (RON) and xMoney claims to be in contact with the Central Bank of Romania for that. The company is “powered by MultiversX,” as read in its X account and website. ???? One of Europe’s leading Web3 payment providers, xMoney Global ( @xMoney_com ), is set to launch three new MiCA-compliant stablecoins, which are expected to boost crypto liquidity in the highly regulated continent. Namely, EUROX, a fully regulated Euro stablecoin; USDX, a… pic.twitter.com/TtTih3WrJ5 — Finbold (@finbold) February 6, 2025 MultiversX (EGLD) price analysis Despite the positive sentiment from a potential real-world adoption “soon,” EGLD is struggling price-wise, registering significant losses on the chart. In the last 30 days, the MultiversX native token accumulates 26.06% losses, following a broader market trend. Cryptocurrencies crashed earlier in February as Donald Trump started a global trade war, imposing tariffs against significant economies, bringing uncertainty. EGLD suffered from that as well, trading at a bearish range at $22.39 per token, near a technical support . MultiversX (EGLD) 30-day price chart. Source: Finbold Nevertheless, the cryptocurrency’s fundamentals remain strong, with many positive developments and an upcoming integration with the Axelar Network ( AXL ). Beniamin Mincu, CEO at the MultiversX Foundation, believes this offers a “great interop arbitrage opportunity,” as cross-chain interoperability fuels liquidity. The Great Interop Arbitrage — A Few Thoughts 1. What does interoperability mean, actually? Well, it means 70+ networks connected, enabling true decentralized cross-chain communication. TODAY. In fact, Axelar`s goal is 1,000,000 interconnected chains. Touche to that! 2. What… https://t.co/Jg0Agb5JT9 — BenAImin Mincu | ????????/acc ????????️ (@beniaminmincu) February 11, 2025 On a related note, Justin Bons, founder an CIO of Europe’s oldest cryptocurrency funds, has praised MultiversX’s and EGLD’s fundamentals several times on X. Bons called MultiversX “the technological Holy Grail of crypto” in one occasion, covered by Finbold. Additionally, he praised the “small team in Romania that raised $5M in 2019,” for building “the most technically advanced blockchain today,” in another post . What would you say if I told you the most technically advanced blockchain today; Is from a small team in Romania that raised $5M in 2019 Achieving what ETH gave up on & NEAR only recently achieved; full execution sharding! EGLD is that chain & it deserves more of our support! — Justin Bons (@Justin_Bons) October 4, 2024 As things develop, traders, investors, developers, and users have now their eyes on EGLD and a potential adoption by Sibiu. Cautious is still required as it is important to understand that some things can take more time than expected to happen, and political changes could impact and even frustrate some expectations, which should be properly managed. Featured image from Shutterstock. The post A small city in Romania could ‘soon’ adopt cryptocurrency, as hinted on X appeared first on Finbold . AMB Crypto