On Sept. 9, bulls made a strong showing as Algorand (ALGO) and Solana (SOL) each steamrolled to new highs even as Bitcoin (BTC) continues to flounder under the $47,000 mark.
The strong performance from the altcoins gives further credence to the argument that the market is in an "altseason," a phase that is typically characterized by surging altcoin prices when BTC is range-bound.