Altseason Begins?…Several Altcoins Surge Intraday

Uk Jin

Summary

Some altcoins reportedly showed a strong rally and surged intraday.
At the same time, Bitcoin turned weak, and its dominance dropped to 60.92%, the lowest level in about four months.
Several altcoins such as Conflux (CFX), Mantra (OM), and Nervos (CKB) recorded outstanding gains on domestic exchanges.

*Photo=Screenshot from virtual asset exchange*

Some altcoins (virtual assets other than Bitcoin) are showing a very strong rally during intraday trading. At the same time, as Bitcoin (BTC) weakens intraday, it has yielded a significant portion of its dominance.

According to the three major KRW-based virtual asset (cryptocurrency) exchanges in Korea (Upbit, Bithumb, Coinone) on the 21st, at 7:54 a.m. that day, Conflux (CFX) was trading at 296 KRW, soaring by 104.13% compared to the previous day. At the same time, Mantra (OM) and Nervos (CKB) also surged 49.43% and 34.63%, respectively, from the previous day. In addition, many other altcoins, including IOST, Eterna (ENA), A8 (A8), Zora (ZORA), and DIA (DIA), were confirmed to be strong during the session.

On the other hand, at the same time, Bitcoin was trading at 160,510,000 KRW, down 0.57% from the previous day. Due to this weakness, the Bitcoin dominance (Bitcoin's share of the total virtual asset market) dropped to 60.92%, its lowest level in about four months.