๐ Altcoin Season
The Altcoin Season is a period in the market when the prices of alternative cryptocurrencies rise significantly, usually outperforming Bitcoin itself.
๐ Bitcoin is the leader in the crypto market, but other coins like
ETH SOL ADA
and others sometimes enter a collective upward wave known as
Altseason
๐ When does Altcoin Season occur?
๐ Stability or slowdown of Bitcoin: When Bitcoin stops rising sharply.
๐ธ Influx of new liquidity into the market: Often from investors looking for faster profits in smaller coins.
๐ Institutional movements or developments on alternative networks.
๐ง Why does it matter to you as an investor?
โ An opportunity to achieve significant profits in a short period, especially in coins with small market capitalization.
โ Diversification in investment portfolios beyond just BTC.
โ ๏ธ But also, risks are higher due to price volatility and lack of stability.
๐ How do you notice that the Altcoin Season has started?
๐ผ The famous Altcoin Season Index shows a noticeable increase.
๐ Bitcoin's market share starts to decline.
๐ก๏ธ Tips during Altcoin Season:
Do not chase coins after their sudden rise โ
Distribute your investment across several projects, and do not put everything into one coin ๐ช
Watch the market moment by moment, as Altseason may end suddenly โณ
Take partial profits during the rise and keep a portion of the profit ๐ค