Alt season is a period when altcoins (other than Bitcoin) experience a significant price spike compared to BTC. Here are some signs of alt season:
1. Bitcoin Dominance Drops
• If Bitcoin dominance starts to drop significantly, it means more money is flowing into altcoins.
• Usually, BTC dominance below 50% can be an early indication of alt season.
2. Ethereum Outperforms Bitcoin
• ETH/BTC starts to rise indicating that Ethereum is stronger than Bitcoin, often leading the alt season.
3. Altcoin Market Cap Increases Rapidly
• Total altcoin market cap (Total Market Cap Excluding BTC) experiences a sharp spike.
4. Parabolic Moves in Mid & Low Cap Altcoins
• Mid and small cap altcoins start to experience drastic price spikes in a short period of time.
5. Altcoin Trading Volume Increases
• The surge in trading volume in altcoins indicates increased investor interest.
6. Many New Projects & Hype on Social Media
• More and more new projects are going viral and being talked about in the crypto community, Twitter/X, Telegram, and YouTube.
7. NFT & DeFi Rise Again
• If the NFT and DeFi sectors boom again, it could be a sign of alt season because they often go hand in hand.
8. FOMO in the Market
• Many retail investors are starting to enter altcoins, and the Fear of Missing Out (FOMO) is starting to be felt in the crypto community.
Conclusion
If several of the above signs occur together, it is likely that alt season is starting or will start.
