Altcoin Catch-Up Trade: Five Coins Poised for Growth

The recent strong week for Bitcoin has been accompanied by an unusual phenomenon - a lack of broad altcoin rally. The CoinMarketCap Altcoin Season Index currently stands at 33 out of 100, down from 51 last week, indicating that the market is still in Bitcoin season. However, this gap presents an opportunity for underperforming altcoins to catch up.

Zcash gained 75% in seven days, while XRP added 52%. In contrast, dozens of established projects outside the top 10 posted single-digit gains or barely kept pace with inflation. Joshua Lim, head of derivatives at FalconX, described this trend as a 'catch-up trade.'

Five altcoins that fit this profile are Monero (XMR), Can Gram (GRAM), Ondo (ONDO), Kaspa (KAS), and Aave. Each of these coins has underperformed Bitcoin over the past week or month, but also has an identifiable reason why it might reprice in the near future.