- June historically marks reliable altcoin bottoms, often followed by strong July rallies.
- MVRV Z-score remains low, signaling altcoins have room to grow before peak levels.
- Trump-linked tokens like LINK, ONDO, and AAVE attract attention ahead of policy shifts.
With June coming to a close, a historical pattern that has reliably marked the bottom for the altcoin market seems to be playing out again.
According to Discover Crypto, an analytic firm analysis, the market has stabilized right on schedule, and now investor attention is shifting toward a potential “summer rally” and the specific altcoins that could lead the way in July.
Did June Signal the Market Bottom Again?
For the past five years, June has consistently been a key turning point for altcoins. Analysts believe this pattern is not a coincidence but a seasonal trend driven by institutional traders who often sell holdings before the summer, creating better entry points for other investors.
Examining the “Total 3” crypto market chart, which excludes Bitcoin and Ethereum, reveals consistent June bottoms across multiple years. In 2020, 2021, and again in 2023, altcoins rallied strongly after finding support in June.
Even during bear phases, such as in 2022, June marked the start of consolidation rather than continued decline. These consistent patterns reinforce the belief that June offers a critical accumulation window for altcoins.
What Do On-Chain Metrics Suggest?
Additionally, market indicators such as the MVRV Z-score (which measures the difference between market value and realized value) are currently in the green zone. This suggests that most holders are not in profit, reducing the likelihood of mass selling.
Related: 6 Altcoins Shine Green in a Red Market With Strong Relative Strength
Historically, bull market tops have occurred when this score surpasses 7. At present, the metric is well below that level, indicating significant room for growth.
Trump-Linked Tokens Drive Speculative Interest
This summer, political factors may also drive altcoin performance. Several tokens connected to Donald Trump and his associates are gaining attention.
As Trump continues to promote a crypto-friendly stance, some investors are betting on DeFi tokens that may benefit from favorable policy shifts. Notably, Chainlink, Ondo, and Aave have emerged as key picks.
Related: Altcoin Season Index Drops to Lowest Point in Two Years: Here’s What History Tells Us
Chainlink’s co-founder attended Trump’s crypto summit, signaling potential alignment. Ondo, which reportedly donated to Trump’s inauguration, is partially held by a Trump-affiliated crypto firm.
Aave, meanwhile, serves as the foundation for that same firm’s infrastructure. These tokens have each dropped 50-75% from their previous highs, presenting possible upside during the anticipated summer rally.
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