Altcoin Season, or the season of alternative cryptocurrencies, is a period during which alternative cryptocurrencies (Altcoins) outperform Bitcoin. This is determined when the performance of 75% of the top 100 alternative coins exceeds that of Bitcoin over a 90-day period.
Advantages of Altcoin Season
- *Decrease in Bitcoin dominance*: Bitcoin's influence on the market decreases when the value of alternative coins rises.
- *Increase in alternative coin prices*: Alternative coins experience significant price increases.
- *Increase in trading volumes*: Trading volumes for alternative coins rise compared to Bitcoin.
- *Widespread outperformance*: Most alternative coins outperform Bitcoin.
Strategies to benefit from Altcoin Season
- *Portfolio diversification*: Investing in a variety of alternative coins to reduce risk.
- *Thorough research*: Conducting comprehensive research before investing in any alternative coin.
- *Monitoring market trends*: Keeping track of market trends and news that may affect the altcoin market.
- *Identifying entry and exit points*.
Promising alternative coins
- *XRP*: Aiming to dominate the stablecoin market.
- *SUI*: Adding Bitcoin support to its platform.
- *HBAR*: Expecting approval for the exchange-traded fund (ETF).
Risks and considerations
- *High volatility.
- *Regulatory risks.
- *Technological risks.
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