Altcoin Season: A Selective Approach to Gains
The current altcoin season has been marked by a selective approach, with only a few tokens attracting significant attention. Among these, Chainlink, Pi, and Solana have emerged as notable mentions due to their unique characteristics and market trends. Chainlink’s infrastructure support, Pi’s speculative interest, and Solana’s ecosystem activity have set them apart in this phase.
Market conditions indicate that retail investors remain cautious, with Bitcoin dominance still above 60% and Ethereum flows focused on DeFi and Layer-2 networks. As a result, the rotation into older coins has been tight, but tokens with liquidity, compelling stories, or active infrastructure use are starting to gain traction.
Chainlink Holds Infrastructure Value
According to CoinmarketCap, Chainlink (LINK) boasts a daily volume of around $3.2 billion and a market capitalization of almost $17.4 billion. The token gained around 15% last week, with analysts predicting a price range of $15.90 to $18.10 in August. By the end of the year, forecasts suggest a wider range of $26 to $32, as reported by sources like Coincodex and Cryptopolitan.
Chainlink’s value is underpinned by its constant movement as a DeFi utility token, with the price campaign reflecting usage trends such as Oracle demand and speculative cycles. The supply remains stable, and governance is still anchored in protocol behavior.
Pi Coin Remains Speculative
Pi (PI) is currently trading near $0.36, with volatility but no clear breakout. The trading range is between $0.32 and $0.37, unless the impulse moves above the 20-day EMA, which is currently close to $0.40. Forecasts suggest limited movement in the short term, with the RSI indicating that momentum has stalled.
Pi’s activity stems from community attention and narrative, rather than real-world usefulness. Despite occasional spikes, it continues to trade within a base area, with no clear indication of a significant price movement.
Solana Gains on Activity
Solana (SOL) is trading near $181, with a 1% weekly gain. The daily volume exceeds $6.2 billion, and the market value is almost $98 billion. Exchange listings and on-chain metrics indicate growing developer activity in NFTs and DeFi.
Solana price (source: coinmarketcap)
Technical indicators provide support at $175 to $185, with resistance levels in the $209 to $213 range. Some forecasters expect breakout movements if volume exists, although trading signs remain moderate.
What This Means for the Altcoin Season
Chainlink drives practical infrastructure use, Pi offers a speculative angle, and Solana brings ecosystem depth. Each token caters to different interests in this selective altcoin season. Rotations are not driven by hype but rather by usage patterns and ecosystem signals.
If inflows continue, tokens preferred in this scenario may receive proportional attention. The price of Chainlink is tied to DeFi demand, Pi’s narrative traction, and Solana’s on-chain speed, offering different entry points. A wider altcoin season will likely follow if data supports the rotation.
For more information on the altcoin season and its potential impact on the market, visit https://cryptonews.com/news/altcoin-season-shock-three-coins-could-mint-gains/
