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Altseason is coming, 40% daily gains to become ‘new normal’

  • Ethereum activated the Pectra upgrade on May 7, 2025, boosting its price above $2,360 amid global cryptocurrency gains.
  • This surge followed China's central bank cutting interest rates to 1.3% and the Bitcoin Pepe project launching a memecoin platform on Bitcoin's layer-2 network.
  • Dogecoin rose 12% to $0.2194 during the rally while Bitcoin Pepe's presale raised over $7.7 million selling discounted $BPEP tokens.
  • Analyst Michaël van de Poppe noted the Altcoin Season Index at 39 and highlighted Ethereum, Solana, and Dogecoin as tokens with large gain potential.
  • These events suggest a possible altcoin bull market ahead, though timing and market rotation remain crucial for investors' success.
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Benzinga broke the news in New York, United States on Saturday, May 10, 2025.
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