Analysis Company CEO Publishes List of 19 Altcoins Showing Strong Accumulation Signal

Joao Wedson, CEO of cryptocurrency analysis company Alphractal, made remarkable evaluations about the altcoin market in his statement.

Wedson stated that there was a significant outflow of tokens from the Binance exchange, and that this was a strong accumulation signal.

“Altcoins are exiting Binance heavily, a clear sign of accumulation. Many people are talking about the long-awaited altcoin season. An interesting way to identify potential altcoins is to follow the “Binance Net Flow Chart”. This indicator shows the balance of tokens entering and exiting Binance. On the map, green represents entries, and red represents exits,” Wedson said in his statement.

He said that the altcoins that are currently the most exited from Binance, that is, the most accumulated, are ENJ, SLP, FET, AMP, ETH, CRV, BNT, 1INCH, GHST, GTC, YGG, LINK, ANKR, ALICE, MKR, SNX, ZRX, DODO and OGN.

Drawing particular attention to Ethereum (ETH), Wedson said, “Despite the volatility in recent months, investors continue to accumulate Ethereum. This reduces ETH reserves on Binance and supports the potential for future price increases.”

*This is not investment advice.