{"id":34200,"date":"2024-12-29T22:00:37","date_gmt":"2024-12-29T19:00:37","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=34200"},"modified":"2024-12-29T20:11:23","modified_gmt":"2024-12-29T17:11:24","slug":"when-the-euphoria-phase-in-altcoins-begins","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/when-the-euphoria-phase-in-altcoins-begins\/","title":{"rendered":"When The \u2018Euphoria\u2019 Phase in Altcoins Begins?"},"content":{"rendered":"<p>According to a crypto trader, the <strong>altcoin<\/strong> total market capitalization needs to increase by around <strong>16%<\/strong> from its current level for the \u201ceuphoria\u201d phase to begin. Until then, the market is likely to remain volatile.<\/p>\n<p>Pseudonymous crypto trader <strong>Daan Crypto Trades<\/strong> stated in a Dec. 28 post on X that the <strong>TOTAL3<\/strong>\u2014the total market cap of all cryptocurrencies excluding Bitcoin and Ether\u2014needs to surpass its 2021 all-time high of <strong>$1.13 trillion<\/strong> and enter price discovery for the \u201ceuphoria\u201d or \u201cmania\u201d phase to start.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/when-the-euphoria-phase-in-altcoins-begins\/#The_Importance_of_TOTAL3\" title=\"The Importance of TOTAL3\">The Importance of TOTAL3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/when-the-euphoria-phase-in-altcoins-begins\/#Short-Term_Thinking_Increases_Market_Volatility\" title=\"Short-Term Thinking Increases Market Volatility\">Short-Term Thinking Increases Market Volatility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/when-the-euphoria-phase-in-altcoins-begins\/#Traders_Begin_Rotating_Toward_Altcoins\" title=\"Traders Begin Rotating Toward Altcoins\">Traders Begin Rotating Toward Altcoins<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Importance_of_TOTAL3\"><\/span>The Importance of TOTAL3<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to <strong>TradingView<\/strong> data, TOTAL3 is currently at <strong>$962.78 billion<\/strong>, showing an approximate <strong>91.45%<\/strong> increase since the beginning of the year. However, Daan warned that if the market cap falls below <strong>$800 billion<\/strong>, a more cautious approach is necessary.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2024-12\/019410c6-70fb-7402-ba8c-6e359be40045\" alt=\"altcoin\" width=\"2760\" height=\"764\" \/><\/p>\n<p>Daan added, <em><strong>\u201cAs long as this trades between ~$840B and ~$1.1T, I think it will be choppy.\u201d<\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Short-Term_Thinking_Increases_Market_Volatility\"><\/span>Short-Term Thinking Increases Market Volatility<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Some analysts believe that the increasing volatility in the crypto market is due to traders adopting a more short-term perspective compared to previous years.<\/p>\n<p>Syncracy Capital co-founder <strong>Daniel Cheung<\/strong> mentioned in a Dec. 28 post on X:<\/p>\n<p><em><strong>\u201cEveryone decided they were George Soros all of a sudden this cycle, constantly monitoring hourly charts to time entries\/exits and playing with leverage.\u201d<\/strong><\/em><\/p>\n<p>Cheung argued that this is why crypto tokens have not experienced breakouts as quickly as in prior cycles.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Traders_Begin_Rotating_Toward_Altcoins\"><\/span>Traders Begin Rotating Toward Altcoins<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to CoinMarketCap data, the top three gainers among the top 100 cryptocurrencies over the past seven days are:<\/p>\n<ul>\n<li><strong>Bitget Token (BGB): Up 80.65%<\/strong><\/li>\n<li><strong>Virtuals Protocol (VIRTUAL): Up 42.30%<\/strong><\/li>\n<li><strong>Pudgy Penguins (PENGU): Up 31.63%<\/strong><\/li>\n<\/ul>\n<p>Meanwhile, with <strong>Bitcoin dominance<\/strong> nearing <strong>60%<\/strong> in the final days of 2024, some traders believe it is time to shift their accumulation strategies toward <strong>altcoins<\/strong>.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a crypto trader, the altcoin total market capitalization needs to increase by around 16% from its current level for the \u201ceuphoria\u201d phase to begin. Until then, the market is likely to remain volatile. Pseudonymous crypto trader Daan Crypto Trades stated in a Dec. 28 post on X that the TOTAL3\u2014the total market cap<\/p>\n","protected":false},"author":28,"featured_media":30615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[236,4624,768,5397,4324,10582,10581,10198],"class_list":["post-34200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-altcoin","tag-bitcoin-dominance","tag-bitget-token","tag-market-volatility","tag-pudgy-penguins","tag-risk-reward-profile","tag-total3","tag-virtuals-protocol"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When The \u2018Euphoria\u2019 Phase in Altcoins Begins? - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/when-the-euphoria-phase-in-altcoins-begins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When The \u2018Euphoria\u2019 Phase in Altcoins Begins? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"According to a crypto trader, the altcoin total market capitalization needs to increase by around 16% from its current level for the \u201ceuphoria\u201d phase to begin. 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