The TOTAL3 index, which monitors altcoins excluding Bitcoin and Ethereum, is nearing a significant resistance level between $110 billion and $120 billion. Historical data from 2017 and 2021 indicates that surpassing this threshold could lead to a substantial increase in altcoin market capitalization, potentially reaching between $4.37 trillion and $7 trillion. Key factors influencing this potential surge include stablecoin inflows, a decrease in Bitcoin's market dominance, and technical indicators such as the cup-and-handle pattern. Experts suggest that sustaining the index above $120 billion would confirm a bullish trend, with the possibility of the total market cap hitting $5 trillion if regulatory and macroeconomic conditions remain favorable. This development comes as the crypto community anticipates a new altcoin season, driven by these technical and market dynamics.
TOTAL3 Index Approaches Critical Resistance Amid Altcoin Season Speculation
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