It is often difficult to gauge when an altcoin season has begun. If enough assets note a new all-time high, there is plenty of room for optimism. Several top altcoins noted strong price growth recently, indicating the best may be yet to come.
It is not entirely surprising to see Polkadot gain a lot of value in recent weeks. The blockchain ecosystem is compelling and offers tremendous opportunities for new and existing projects. Traders appreciate the native DOT asset lately, as its all-time high of $21.54 illustrates. Although the market faces some strong bearish pressure right now, there is no reason to think DOT won’t reach this value again shortly.
Although traders had to wait several years for a new Ethereum all-time high, this week has proven very positive so far. With ETH reaching $1,688 recently, one has to wonder how long it will take to hit $2,000 or even more. As the overall interest in Ethereum 2.0 staking picks up and DeFi continues to boom, going beyond $2,000 isn’t impossible either.
Despite facing a rocky start during the initial launch period, SUSHI has lately redeemed itself among traders and speculators. When the all-time low of $047 was reached, many people bailed on the project. This week, SUSHi hit an all-time high of $16.46. Like DOT, there is a lot of bearish pressure on the market right now, but the situation can turn around relatively quickly.
No one can deny the popularity and success of Uniswap as a decentralized exchange. The native UNI token is also subject to some speculation, allowing it to peak at $21.39 a few hours ago. It is impossible to predict where the top may be for this token, as it keeps rising in value every day. Hitting $25 or more isn’t out of the question this month.
Looking at the current LINK price, one may tend to overlook how Chainlink put up a new all-time high of $25.82 15 hours ago. That value will serve as a viable stepping stone for the next ATH, which may very well bring the asset to $30 in the coming weeks. Remaining above that $10 billion market cap will be a tough battle.
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