What is Altcoin Season? đ
This is a season that you should wait more than a summer!
Ever heard of altcoin season? Itâs a period when altcoins (cryptocurrencies other than Bitcoin) outperform Bitcoin significantly.
Past Altcoin Seasons:
2017-2018: Bitcoin dominance dropped from 86.3% to 38.69%. ICOs were booming, with altcoins like EOS and Tezos making huge gains.
2020-2021: During the pandemic, Bitcoin dominance fell from 70% to 38%. Altcoins, including meme coins like Dogecoin and Shiba Inu, saw massive growthâ
How to know when it's altseason?
Altcoin Dominance: Look for an increase in the market cap of altcoins compared to Bitcoin.
Trading Volumes: Rising volumes indicate growing interest.
Price Breakouts: Watch for significant price surges in altcoins.
Pro Tip: Stay informed and diversify your investments. Altcoin seasons are great for potential gains, but they also come with high volatility. So save your money for the altcoinseason!
Are you ready for bitcoin to drop and see the altcoins raise some flowers?
Let them all dump and flatten so we can buy them all! I am hungry for some % gains this year, what about you? Comment down below which crypto is most likely to be pumped soon. I will make a research about it and post an article about it!
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