Hedera 42 %, Stellar XLM 65 %, Sui 38 %, ADA 25 %—Is Altseason Here and What's Driving the Rally? - Crypto News Flash

• Hedera is among the top contributors to this altcoin season, along with Stellar (XLM) up 75%, Sui (SUI) up 37%, and Cardano (ADA) up 25%.
• Analysts note that Ethereum’s growing market dominance and the ETH/BTC breakout may signal the beginning of a capital rotation into altcoins.

The crypto market is experiencing a vibrant recovery in prominent altcoins with Ethereum (ETH) regaining its position as the most dominant crypto in the space. Within this week alone, some of the top-value altcoins have experienced a remarkable upward performance, with Hedera (HBAR) gaining 41%, Stellar (XLM) increasing by 65%, Sui (SUI) adding 37% to its value, and Cardano (ADA) surging by 25%.

The rally comes amid signals of Ethereum overpowering Bitcoin and leading to expectations of an Altcoin Season. At press time, Hedera traded at $0.2367, retaining most of its weekly gains. Whilst, SUI price’s $4 breakout also attracted attention

Source: Coinmarketcap.com### HederaToEarn Launch Powers HBAR Surge

On July 15, Hedera released an announcement of the upcoming release of a new rewards program named HederaToEarn (HTE) that will supposedly encourage Hedera users to interact with the network. The project will onboard three existing applications with a combined user base exceeding 20 million, directly into the HTE ecosystem.

The incorporation is being perceived as a critical step toward getting more real-world adoption of the Hedera network, which would propel the number of users as well as the transactions that can be executed. The team added, “Cashtree, Mars Labs, and NFT-based idle P2E game Berryfox are the first communities to enter the HTE ecosystem, with more to come.”

Source: Hedera HashgraphMeanwhile, the 7-day rally experienced by Sui is attributed to the increase in TVL, the developer hype, and the focus on modular blockchains. Its price headed to the skies, when specific inflows went into high-beta altcoins as speculators bet on larger variations across the market. Amid these current developments, the HBAR price can skyrocket 153% as reported by CNF

Is Altseason Finally Here? Ethereum Signals Say ‘Maybe’

Crypto analyst Daan Crypto Trader is of the view that the circumstances leading to altcoin re-rotation have been very encouraging for more than two years. He wrote, “The $ETH/BTC ratio is breaking higher and has flipped its market structure… Historically, ETH has always been the leader for market-wide altcoin outperformance.”

Daan opined that Bitcoin dominance is “breaking down slightly” after failing to break the 70% resistance zone, opening the possibility of capital rotation into altcoins. At the same time, Ethereum’s dominance is inching toward the critical 10% level. Analyst Rekt Capital tweeted: “Ethereum Dominance would need to convincingly break 10% market-dominance to enter the green circled phase.”

While Daan cautioned against expecting a full-scale AltSeason, he emphasized the potential for narrative-driven surges, advising investors to “stick with the winners” and avoid lagging assets. With Ethereum once again emerging as a leader and Bitcoin slimming at $120K, the foundation towards an altcoin recovery can already be gathering grounds.

Recommended for you:

• Hedera (HBAR) Wallet Tutorial
• Check 24-hour HBAR Price
• More Hedera (HBAR) News
• What is Hedera?