#CanadaSOLETFLaunch
It seems there is a mix-up between the terms "altcoin season" and "cryptocurrency downturn season." In fact, the term "altcoin season" is used to describe a period of time when altcoins outperform major coins like Bitcoin and Ethereum.
*What is altcoin season?*
Altcoin season is a phase in the cryptocurrency market cycle where mid-cap and small-cap coins significantly outperform large-cap coins. This season typically occurs once every four years and is characterized by significant increases in the prices of altcoins.¹
*Indicators that indicate the beginning of altcoin season*
There are several indicators that signal the beginning of altcoin season, including² ³:
- *Breakout of the TOTAL3 index from a downtrend*: This breakout indicates the start of altcoin season.
- *The 30-day exponential moving average approaching the 180-day exponential moving average*: This approach can lead to a bullish golden cross, reinforcing the theory of altcoin season.
- *Analysts' predictions*: Some analysts expect Ethereum to reach $8,000, which could lead to a significant rise in A.
- *Ripple (XRP)*: Ripple's price could reach $5 if market conditions improve.
- *Ethereum (ETH)*: Some analysts expect Ethereum to reach $8,000,