Altcoin Season — is a phenomenon when the prices of altcoins (secondary cryptocurrencies) start to rise sharply, surpassing the price increase of Bitcoin. Typically, this period is accompanied by increased interest from traders, leading to significant price volatility in an upward direction in the altcoin market. These seasons tend to repeat and are associated with several factors:
1. A market full of liquidity. When Bitcoin reaches new highs, investors often start looking for alternatives, and their attention shifts to altcoins.
2. A downtrend for Bitcoin. Sometimes, the growth of altcoins is accompanied by a decline in Bitcoin's price. This leads to a revaluation of other tokens, which can create opportunities for standout altcoins.