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Altcoins in the Buying Zone? Analyst Says It’s Time to DCA

The digital asset market is still in correction mode, with most alternative cryptocurrencies bleeding out daily, but an analyst says this might be the best time for traders to load up on their bags. According to a report from CryptoQuant analyst Darkfost, the Aggregated Altcoin Trading Volume for Stablecoin Quote Pairs chart signals that the market is in a buying zone. Hence, Darkfost believes this might be a good time to set up a Dollar-Cost Averaging (DCA) strategy for altcoins. Altcoins in Buying Zone A DCA strategy involves regularly investing a fixed amount of money in a crypto asset over a set period, regardless of fluctuations in the coin’s value. This approach reduces the impact of market volatility on the overall purchase because the money is spread out over time. With DCA, investors get to buy more cryptocurrencies when prices are low and fewer when they are high, ensuring a lower average cost per unit. Darkfost revealed that the Aggregated Altcoin Trading Volume for Stablecoin Quote Pairs chart identifies favorable periods to buy or sell altcoins with a mid-term outlook. The metric compares the aggregated 30-day average trading volume of altcoins for stablecoin quote pairs with their yearly average. Currently, the 30-day moving average is below the yearly average, signaling that the metric is in a buying zone. “It might be time to start a DCA strategy on altcoins,” Darkfost stated. Is an Altseason Still Coming? The CryptoQuant analyst mentioned that the last time the 30-day moving average reached its current levels was in September 2023, shortly after the bear market ended. Although this current phase can last weeks or months, Darkfost, citing historical data, insists that it has consistently offered good opportunities to establish a DCA strategy. Darkost’s analysis comes as crypto investors still anticipate an altcoin season regardless of the unfavorable state of the macro environment attributed to tariff tensions. Due to the major structural and regulatory changes the crypto industry has seen in this cycle, most analysts believe an altseason in this bull run will not be like previous experiences. CryptoQuant founder and CEO Ki Young Ju stated less than two months ago that the altseason has already begun, but there would not be direct capital rotation from BTC to altcoins. He said an altseason for this cycle will not be determined by Bitcoin’s dominance but by altcoin trading volumes. Judging by Darkfost’s analysis, altcoins could still witness significant rallies in the coming months as markets stabilize. The post Altcoins in the Buying Zone? Analyst Says It’s Time to DCA appeared first on CryptoPotato . CoinOtag

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Onyxcoin rockets 80% in 24 hours amid Goliath Mainnet launch

Decentralized finance ( DeFi ) protocol Onyx ( XCN ) has seen its token price surge over 80% in the past 24 hours following the launch of its new Goliath Mainnet. The upgrade marks a shift from Onyx’s existing Layer 3 rollup to a standalone Layer 1 blockchain, with promises of improved scalability, security, and performance. One of the more notable claims associated with Goliath is its potential to match, or even exceed the transaction speeds of traditional payment networks like Visa, which processes around 24,000 transactions per second (TPS). While the mainnet utilizes a Proof-of-Stake consensus mechanism that could, in theory, support significantly higher throughput, achieving that performance in a decentralized environment remains a considerable technical hurdle. At press time, XCN is trading at $0.022, with a 136% gain over the past seven days. The recent rally follows a volatile start to 2025, during which XCN surged more than 1,500% in just two weeks to a peak of $0.035. XCN one-day and one-week price chart. Source: Finbold The rally has fueled a sharp rise in market capitalization, with XCN adding over $300 million in value in the past 24 hours, representing a 76.79% increase. The token now leads crypto market gains after breaking back into the top 100 cryptocurrencies by market cap. XCN on-chain activity and trading volume surge post-launch XCN’s rally has coincided with a surge in both trading volume and user activity. On April 11, the token logged 3,902 daily active addresses and a trading volume of $591 million, marking a notable uptick in engagement following the Goliath Mainnet launch. XCN active addresses and funding rates. Source: Santiment and CoinGlass Yet, despite the momentum in spot markets, futures traders appear cautious. The OI-weighted funding rate for XCN stood at -0.5648% as of April 11, according to CoinGlass , a sign that short sellers remain dominant. This may lead to increased volatility in the short term, especially if long traders are forced to exit positions abruptly. Featured image via Shutterstock The post Onyxcoin rockets 80% in 24 hours amid Goliath Mainnet launch appeared first on Finbold . CoinOtag