🤔 Are we on the cusp of altcoin season?
With Bitcoin stabilizing and retreating from new highs, attention has begun to turn to altcoins, which may be at the beginning of a strong bull season.
📊 What is altcoin season?
Altcoin season is a period in which the market sees strong increases in altcoin prices, often at a faster rate than Bitcoin.
💡 Why does altcoin season happen?
1️⃣. Bitcoin Dominance BTC D :
When Bitcoin dominance declines, money begins to flow into altcoins, opening the way for their rise.
2️⃣. Technological innovation:
Innovative projects attract new investors.
3️⃣. Institutional interest:
New liquidity boosts their market value.
📈 Season start indicators:
- Stronger performance of altcoins compared to Bitcoin #bitcoin .
- Bitcoin dominance drops to new lows.
- Increase in the market value of alternative currencies.
⚠️ Important tips:
- Diversify your portfolio.
- Follow the Dominance and market news constantly.
- Develop a risk management plan.
