#BinanceAlphaAlert How can I tell when it's Altcoin Season?

During Altcoin Season, several distinct market characteristics emerge:

Increased Altcoin Dominance: Altcoins collectively gain prominence in the cryptocurrency market. In the recent Altcoin Season in May 2021, the combined market capitalization of the top 100 altcoins reached around 130% of Bitcoin's.

Rapid Price Appreciation: Altcoins experience significant price increases across the board, often outpacing the growth of Bitcoin. For example, large-cap altcoin prices achieved 174% returns versus BTC's 2% during the Altcoin Season from February to May 2021. Many narratives pop up and are not limited to just one or two trends.

FOMO: Overall market sentiment during Altcoin Season is typically bullish, driven by optimism about the potential for altcoins to deliver substantial returns. FOMO mentality is evidenced by high 24-hour trade volume across all large-cap coins, leading to increased buying pressure and price momentum.