🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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In recent weeks, the "alt season" (mùa altcoin) has become the focus of the Crypto Assets community, dominating discussions from social media to investment groups. Notably, this story is increasingly appearing "natural", thanks to the impressive performances of the two largest alts in the market – Ethereum (ETH) and XRP – in recent times. Ethereum, often referred to as the "king of altcoins", has experienced a strong pump over the past two months, returning to the 4,000 USD level for the first time since December 2024. Meanwhile, XRP also rose above 3 USD last week, with a growth of over 10%. However, the latest on-chain observations show that the alt season may just be in its initial phase and has not yet truly exploded. Traditionally, the altcoin season occurs when mid and small market capitalization alts outperform Bitcoin, benefiting from funds flowing from BTC to other coins in the market. Expert Opinion: "The alt season has not truly begun" An anonymous on-chain analyst, Darkfost, recently shared on platform X that "the alt season has not really arrived", despite the recovery of the altcoin market in recent months.