#altcoinseasonloading : A full Altcoin Season is yet to emerge. The Global Coin Market Cap Altcoin Season Index remains at 22. It means Market is Bearish for Altcoins over BTC. Many traders are anticipating the arrival of the next Altcoin Season. During the phase any Altcoin outperforms Bitcoin for price and profit gains. In short, it is Upgradation of the price of any Altcoin.

Altcoin Season is a recurring cycle in the Crypto Market, where Altcoins such as Ethereum, Solana, or Binance coin 🪙 achieve price gains relative to Bitcoin. During season the capital tends to flow out of Bitcoin into Altcoins, due to the factors of innovation, project developments, and Market Sentiments. Its Index ☝️ helps track, whether Altcoins are collectively out performing Bitcoin. When Index 👉 is High - it signals that the Altcoin Season is coming. When Bitcoin Dominance starts to fall, it indicates investors are spending their funds in to Altcoins.

Launching of new blockchain projects or major partnership can also drive momentum in to Altcoins. Altcoin Season offers Diversification beyond Bitcoin. But Altcoins are not stable coins and there may be extreme price volatility. Altcoins may cause high profit gains, but there is a chance for loosing money due to Pump and Dump schemes. The last significant Altcoin Season began in 2020 and continued up to 2021. Here DeFi Projects and NFTs promoted with alternative coins like SOL, DOT, and AVAX.