Altseason – a period in the cryptocurrency market when the prices of altcoins (all cryptocurrencies except Bitcoin) rise faster than the price of Bitcoin. This is a time when investors pay attention to other cryptocurrencies, seeking opportunities for greater profit. $XRP
What is altseason?
Altseason – like spring for altcoins. After a period of Bitcoin dominance, when its price rises, investors begin to look for other promising projects. They invest money in altcoins, hoping for their quick growth. $NOT
How to determine altseason?
🔔 Bitcoin dominance: When the dominance of Bitcoin (the share of Bitcoin's market capitalization in the total capitalization of cryptocurrencies) begins to decrease, this may be a sign of the beginning of altseason.
🔔 Growth of altcoins: If the prices of many altcoins begin to rise sharply, this can also indicate altseason.
🔔 Altseason Index: There are special indices that track the dynamics of altcoins and help determine the beginning of altseason. $TON
2023 year:
👉 In 2023, several periods of altcoin growth were observed, especially in the second half of the year.
👉 This was related to various factors, such as network upgrades, new projects, and the overall increase in interest in cryptocurrencies.
👉 Especially notable was the growth of altcoins such as Solana and Avalanche.
2024 year:
🧲 The year 2024 also shows signs of a possible altseason.
🧲 After Bitcoin's halving, which traditionally stimulates market growth, investors expect a capital inflow into altcoins.
🧲 The market is also influenced by factors such as the development of artificial intelligence technology and its integration into blockchain.
#альтсезон – a period of high volatility, so investments in altcoins are associated with high risk.
Before investing in altcoins, it is necessary to thoroughly study the project and its potential.
It is also important to diversify your portfolio to reduce risks.
Altseason – a time of opportunities, but also a time of risks. Therefore, it is important to be cautious and make thoughtful decisions. #altsesaon
