#AidropfinderGuide
WHEN WILL THE ALTCOIN SEASON START? 💥
When we say “Altcoin” we mean any coin or token in the cryptocurrency market except for one, Bitcoin, all other coins and tokens other than BTC are called Altcoins in cryptocurrency.
Now the question that many people often ask is: “When will the Altcoin Season start.” Since the beginning of 2024, it has been predicted that Altcoins will start to rise, But only BTC is rising from $48,000 to $100,000+
But Altcoins have not made any positive moves so far. So what caused this, I will comment on this so that we can understand how Sentiment works in the market and when it may be appropriate for the rise of Altcoins. Here is more information! 👇
If Bitcoin dominance is at 45% percent as it is now, it means that BTC alone holds 45% of the total market capitalization of the entire crypto market, while altcoins hold 55% - This shows that it is less risky than Altcoins.
If BTC were to fall, its dominance would decrease significantly - before it started Bounce back, altcoins had more dominance than BTC at that time - For example; Now almost all Altcoins have fallen significantly and have not made any positive move, Currently if BTC falls before reversing.
Most of the dominance of BTC will return to altcoins, then at this time the Altcoins Season will begin, that is until the dominance of BTC is less than one third! Altcoins hold two percent, BTC holds one percent - For example; Then the dominance of Altcoins is more than 60%, like 65%+ BTC and I have 35% percent.
Then the Altcoins Season will begin 🤞😍
Real Abdool
