Signum Bank: "Ethereum has completely escaped the bear market... 'Altcoin season' is imminent"

JOON HYOUNG LEE

Summary

Signum Bank reported that Ethereum has completely escaped the prolonged bear market.
It was stated that altcoin season may fully begin in the third quarter of this year.
There was a warning that overheating in meme coin investments could lead to a sharp correction.

There are observations that the so-called 'altcoin season' may fully begin in the third quarter of this year.

According to Cointelegraph on the 30th (local time), the Swiss-based cryptocurrency bank Signum Bank stated in a report on this day that, "Due to surging institutional demand, Ethereum (ETH) has completely escaped the prolonged bear market," and added that, "(In the third quarter) changes in market dynamics may trigger an altcoin season." Signum Bank also noted that, "With the clarification of (cryptocurrency) regulations, investment in altcoins may increase, resulting in capital flowing toward projects with real economic use cases and sustainable token models," and added, "Such changes may already be underway."

There was also a warning about overheating in meme coin investments. Signum Bank stated in the report that, "The (upward) momentum of altcoins may trigger a meme coin investment frenzy," and predicted, "Historically, when such bubbles continue, they have often ended in a sharp correction."

ETH