Massive price increases up to 50% suggest that the old coin season is here
- Altcoins Stellar and Hedera rose 49 and 76 percent in one month – many old coins are currently more attractive than Bitcoin.
- Sui reached $ 4 and Cardano rose by 16%, which indicates increasing attraction of the old coins with a high utility and a reorientation of the investors.
A strong price increase for several old coins leads to new speculations about the start of the Altcoin season. When writing this article, Hedera (Hbar), Stellar (XLM), SUI (SUI) and Cardano (ADA) had strong monthly increases between 16% and over 76%, according to CoinmarketCap data.
The growth, since the broader crypto market enters an optimistic phase, with a reorientation of the investors away from Bitcoin, towards mid-cap and utility-driven systems. Analysts observe a shift in investor behavior that corresponds to the beginning of historical old coin cycles.
Stellar led the rally with an increase of 76.43 % in the last month and climbed to $ 0.4653. As a result, market capitalization rose to $ 14.46 billion, which means 12th place among all cryptocurrencies. Technical charts show that XLM was traded at $ 9.27 by July 9, when an outbreak took place. He reached $ 0.50 briefly before falling back to the current level. Despite a decline in daily trade volume by 36.53 %, the ratio of volume and market capitalization remained stable with 9.19 %.
Hedera also recorded a big win and rose by 49.43 % to $ 0.2386 within 30 days. Its market capitalization grew to $ 10.11 billion, which makes it the 15th largest crypto asset. Hbar had spent most of June at $ 0.16, but rose quickly after July 7th and exceeded $ 0.25 before it stabilized. A decline in the 24-hour volume of 15.25 % was compensated for by a healthy ratio of volume to market capitalization of 7.59 %. The course shows a outbreak from a long -lasting accumulation.
Sui recovers $ 4
SUI rose by 29.62 % last month and listed at $ 4.01 with a market capitalization of $ 13.87 billion. The value had fluctuated under $ 3.10 for weeks before scored up on July 10th. A maximum of $ 4.10 was recorded before the start of consolidation. The $ 3.0843 mark now serves as important support. Although the trading volume has decreased by 21.5 %, the ratio of volume and market capitalization is 15.87 %, which suggests a great interest of the market participants.
The fundamental data from SUI are supported by long-term development, including scalability functions and a growing presence in the Layer 1 landscape. The fully watered assessment of $ 40.17 billion underlines the future expectations of investors despite the short -term consolidation.
Ada: constant climb in the middle of a broader rotation
Cardano recorded a monthly increase of 16.16 % and noted at $ 0.7485, with its market capitalization reaching $ 26.49 billion. Ada recovered from a decline that reached its low point at $ 0.50 at the end of June. An outbreak of over $ 0.65 on July 10 signaled a new purchase pressure. Despite a decline in the commercial volume by 14.11 %, investors’ commitment remained constant with a ratio of volume and market capitalization of 4.82 %. Since 79 % of the ADA offer are now in circulation, the fundamental data remain a key factor for the slow but stable recovery of the course.
The combination of technical outbreaks, increasing market capitalization and increased participation in several old coins signals a potential start of the old season. Dealers rotate their funds from Bitcoin and in assets with new stories, strong use or high on-chain activity.
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