Historically, altcoin season begins a year after the halving. Now, four out of five signals indicate that 100x altcoins will explode, and if you invest $100, you could see nearly $10,000 this summer. Here are three reasons for the altcoin explosion and four tokens I am watching:
First reason - The cyclic nature of cryptocurrency
Markets typically peak more than 500 days after a halving:
July 9, 2016 halving --> Peak on December 17, 2017 $BTC - $19,000;
May 11, 2020 halving --> Peak on November 10, 2021 $BTC - $69,000;
April 19, 2024 halving --> Peak between September and October $BTC - $180,000;
It's simple, but many people still don't understand...
Second reason - Massive inflow of BTC ETFs
Over $500 million to $600 million enters the market daily through major funds. In just the past month, about $12 billion has been injected and is actively accumulating. This reduces selling pressure, making it easier for the market to reach new highs.
Third reason - Bitcoin market share peak
In 2020, Bitcoin's market share peaked at around 73.5% during the first distribution phase of $BTC, after which altcoins experienced explosive growth lasting about 3-5 months! Now, Bitcoin's market share has peaked at around 66%, and the next phase is ALT growth.
①@wormhole/ $W
wormhole - A key interoperability solution in blockchain that empowers multi-chain builders, applications, and users.
Price: $0.06135
Market Cap: $284.47 million
Audius - A decentralized music streaming protocol originally built on a Proof of Authority (POA) network, now running on the Solana blockchain.
Price: $0.06186
Market Cap: $82.57 million
③@Humanityprot/ $H
Humanity - A decentralized, user-owned biometric identity system alternative.
Price: $0.02575
Market Cap: $46.99 million
④@DIA | Cross-Chain Oracles for Web3 / $DIA
DIA - An open-source oracle platform that enables market participants to access, provide, and share trustworthy data.
Price: $0.3684
Market Cap: $44.09 million