Now almost all publics and all inflation write exactly this way, but I think differently and here's why!
Let's figure it out 👇👇👇
When can we expect that very alt season?
The last few months of the altcoin have been going through, to put it mildly, not the best of times, despite the relatively good start of this year, when many were hoping for “that very bull” when Bitcoin updated ATH.
But what do we actually see six months later? The growth of Bitcoin dominance that has continued throughout the summer, poor exits of long-awaited top projects and a lull in the market. What can we say, altcoin shows results comparable to the end of 2022.😩
Meanwhile, globally we are still without positivity, conflicts are breaking out here and there, in the US there is still uncertainty caused by rising unemployment, as well as the upcoming presidential elections.
The only thing we can hope for is some positivity after the expected reduction of the US Federal Reserve key rate at the next meeting, which will take place on September 18. Although markets usually fall on declines.
When can we expect that very alt season?
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Even though many people don't believe in it anymore, I still remain positive. Again, based on historical data and market cycles, altcoin has been growing at a rapid pace for about a year after the Bitcoin halving.
This year, we actually saw increased institutional and retail interest in Bitcoin after the adoption of the ETF, which prompted the number one cryptocurrency to update its historical maximum.💰
If we see a gradual reduction in the key rate on November 7 and December 18, as well as other positive news from the US (reduced unemployment, changes in policy towards cryptocurrencies), then the situation will begin to change at the beginning of next year.
In this case, Bitcoin's dominance will begin to decline, money will become cheaper and more accessible, which will allow investors to take risks and invest in riskier assets and we can expect good movement from alta.
We also do not rule out turning on the printing press after the key rate is lowered to stimulate the economy, since a reduction alone will not correct the situation here and now.
I really want to hope that we are at the beginning of the final stage on the way to euphoria, which will bring with it the cherished altseason and that very bull with tens and hundreds of X's and T's already 3 years after the last cycle.
and if you wait for +50% and want to get out, then you are a fool
What is Altseason? 👀
Example from the last bull cycle (2020):
$SOL gave 260 x from its minimums
#AXIE came to market and gradually drew 1650 X's
$GALA first it corrected steeply, but then it rose in price by 4650 times
$LUNA , infamous for its collapse, at its peaks gave about 1000x growth
