#Altseason ❓
Altcoins overtaking #bitcoin ? It seems like it's just an illusion 📊📉
Recently, rumors have been circulating in the market about the start of a large-scale "alt season", but dry numbers say otherwise. Comparison of the prices of top altcoins on August 22 and September 9 - days when Bitcoin cost almost the same (~$78,300 and ~$78,440).
📈📉The results showed that the "general growth" turned out to be a myth:
➡️ Most of the top altcoins sagged or stood still: $ETH (-1%), XRP (-2%), $DOGE (-2%), TRX (-1%), $ADA (-3%).
➡️ The average is unchanged: AVAX grew by only (+2%).
Only a few actually grew: Solana (+10%), BNB (+9%) and Chainlink (+5%).
📊 Main conclusions:
1. Altcoins still follow Bitcoin. A coin that simply reacts "louder" to #BTC movements, but returns to its starting point, is not an independent trend.
2. Concentration instead of the market. Only 2-3 assets from the TOP-10 showed real growth, and not the entire market, as is the case during a real alt season.
3. FOMO trap. It is usually too late to enter altcoins when all the irons are already talking about their growth - most of the momentum has already been used up.
Now the market is torn between two fires: optimists point to technical breakthroughs on the Total 2/3 charts and are preparing for the "biggest alt season in history", while pragmatists prefer to wait it out in Bitcoin.
⚠️ Trader's conclusion: "I'm sitting in Bitcoin and waiting. Not because altcoins are dead, but because the phrase 'altcoins are growing' actually means 'only two or three coins have grown.'"
Altcoins overtaking #bitcoin ? It seems like it's just an illusion 📊📉
Recently, rumors have been circulating in the market about the start of a large-scale "alt season", but dry numbers say otherwise. Comparison of the prices of top altcoins on August 22 and September 9 - days when Bitcoin cost almost the same (~$78,300 and ~$78,440).
📈📉The results showed that the "general growth" turned out to be a myth:
➡️ Most of the top altcoins sagged or stood still: $ETH (-1%), XRP (-2%), $DOGE (-2%), TRX (-1%), $ADA (-3%).
➡️ The average is unchanged: AVAX grew by only (+2%).
Only a few actually grew: Solana (+10%), BNB (+9%) and Chainlink (+5%).
📊 Main conclusions:
1. Altcoins still follow Bitcoin. A coin that simply reacts "louder" to #BTC movements, but returns to its starting point, is not an independent trend.
2. Concentration instead of the market. Only 2-3 assets from the TOP-10 showed real growth, and not the entire market, as is the case during a real alt season.
3. FOMO trap. It is usually too late to enter altcoins when all the irons are already talking about their growth - most of the momentum has already been used up.
Now the market is torn between two fires: optimists point to technical breakthroughs on the Total 2/3 charts and are preparing for the "biggest alt season in history", while pragmatists prefer to wait it out in Bitcoin.
⚠️ Trader's conclusion: "I'm sitting in Bitcoin and waiting. Not because altcoins are dead, but because the phrase 'altcoins are growing' actually means 'only two or three coins have grown.'"
