The “copycat season” might be coming back
Lately, looking at the market, I think it might be time to start taking “copycat coins” again.
For a while, the market was basically only focused on BTC, and most altcoins had fallen so much that nobody wanted to touch them. But recently, capital has started to shift.
ETH has already surged to around $2,270, reaching a high point since May; SOL, XRP, and some small- to mid-cap coins have also begun to bounce back. The total market cap of altcoins has once again broken above $1 trillion.
However, we still can’t directly say that a full-on copycat season has arrived.
The recent Altcoin Season Index is still around 45. Under the traditional definition, it usually needs to be above 75 to count as a true altcoin season. Also, BTC’s market share is still over 56%.
But I actually think this phase is more worth paying attention to. Because by the time everyone confirms, “Altcoin season is here,” many coins may have already finished the first leg of their run.
So right now, I’m going to start gradually looking for altcoins that have fallen deep enough, still have solid fundamentals, and whose narratives haven’t died—and set up positions early. $KAITO is the most recent trade I’ve started entering.
$SOL $BNB
Lately, looking at the market, I think it might be time to start taking “copycat coins” again.
For a while, the market was basically only focused on BTC, and most altcoins had fallen so much that nobody wanted to touch them. But recently, capital has started to shift.
ETH has already surged to around $2,270, reaching a high point since May; SOL, XRP, and some small- to mid-cap coins have also begun to bounce back. The total market cap of altcoins has once again broken above $1 trillion.
However, we still can’t directly say that a full-on copycat season has arrived.
The recent Altcoin Season Index is still around 45. Under the traditional definition, it usually needs to be above 75 to count as a true altcoin season. Also, BTC’s market share is still over 56%.
But I actually think this phase is more worth paying attention to. Because by the time everyone confirms, “Altcoin season is here,” many coins may have already finished the first leg of their run.
So right now, I’m going to start gradually looking for altcoins that have fallen deep enough, still have solid fundamentals, and whose narratives haven’t died—and set up positions early. $KAITO is the most recent trade I’ve started entering.
$SOL $BNB