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Wild Altcoin Mania Is Back In September, According to Analyst Elliot Wainman

Top analyst Elliot Wainman shares with his subscribers that the wild altcoin mania or altcoin season is back in September with massive gains.

According to the trader, historical market patterns suggest that the time could be ripe for altcoins to surge. In particular, Wainman cites the Altseason Indicator, CT Markets Pro’s metric that assesses the relative market strength of Bitcoin (BTC) vs. altcoins, which says that it finally flips to the altcoin side.

The trader highlights that that Layer-1 FOMO season is back in full effect and suggest looking for projects that haven’t gone parabolic yet as an amazing opportunity: “Always trying to look around the corners to see where the next move is,”

Moreover, Wainman also says that apart from creating their own digital collectibles, major brands are also acquiring popular NFTs amid the growing popularity of nonfungible tokens.

Such is the growing appeal of NFTs outside the crypto space that major brands like Visa and Budweiser are now acquiring popular items from popular collections. These moves are different from the usual corporate interactions with nonfungible tokens that often involve creating their own digital goods,”

Similar to the case with crypto and blockchain matters, significant adoption from major legacy players triggers a FOMO-driven frenzy. Several NFT collections have seen massive price floor raises as other collectors hop into the trend.

“The ability to make headlines and to interact with the community and to do sort of fun and interesting community-driven, social-driven things in NFT is way more interesting, in my opinion, than with fungible tokens. So this stuff is gonna continue. NFTs are gonna be bigger than the rest of crypto combined.”

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