altcoin season<\/a>.\u201d<\/p>\nAltcoin season refers to a period when cryptocurrencies experience significant increases in value compared to Bitcoin. This is often characterized by a surge in market interest, investment, and price appreciation of altcoins.\u00a0<\/p>\n
During an altcoin season, investors and traders may shift their focus from Bitcoin to altcoins in search of higher returns, driven by speculation, new project developments, or broader market trends.<\/p>\n
Ether outperformed Bitcoin and other major cryptocurrencies on Tuesday and briefly traded above US$3,000 before tracing back. It traded at US$2,918 at 1:30 p.m. ET, according to CoinMarketCap data.\u00a0<\/p>\n
Ether is up by 10.8% for the week.\u00a0<\/p>\n
The increase has been attributed to the anticipation of a potential approval for a spot-based Ether exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC), which could attract more traditional and institutional investors.<\/p>\n
The approval of a spot Ether ETF is expected to mirror the success of new Bitcoin ETFs that debuted last month, which have already attracted significant allocations.<\/p>\n
In addition to ETF speculation, Ethereum\u2019s upcoming network upgrade, known as the Dencun upgrade, is also contributing to the positive sentiment.\u00a0<\/p>\n
The upgrade, scheduled for March 13, aims to implement Ethereum Improvement Proposal (EIP) 4844, introducing proto-danksharding to simplify transactions and reduce costs by storing some data off the blockchain. This technical enhancement is expected to speed up transactions.<\/p>\n
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Ether, the native cryptocurrency of the Ethereum network, has reached the US$3,000 mark for the first time since April 2022, in what investors and market watchers are calling the arrival of \u201caltcoin season.\u201d Altcoin season refers to a period when cryptocurrencies experience significant increases in value compared to Bitcoin. This is often characterized by a […]<\/p>\n","protected":false},"author":2,"featured_media":192598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-250955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/250955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=250955"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/250955\/revisions"}],"predecessor-version":[{"id":250957,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/250955\/revisions\/250957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/192598"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=250955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=250955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=250955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}