What does Altseason mean? Is an Altseason coming?
What is the Altcoin season?
The Altseason or Altcoin season is a period during which alternative coins perform better than Bitcoin. During an Altseason, Bitcoin's dominance (its market share) decreases, while Altcoins, especially the leading ones, increase in value.
Bitcoin dominance refers to the proportion of Bitcoin in the total cryptocurrency market. For example, if Bitcoin's dominance is 42%, that means that 58% of the total cryptocurrency market value corresponds to Altcoins.
The term "Altseason" was originally coined to help explain the ups and downs of the cryptocurrency market.
When does Altseason start?
If we look back to the spring of 2021, it seemed like we were heading towards an Altseason: Bitcoin's dominance significantly decreased, implying an increase in the share of Altcoins in the market. However, it turned out that this was not the case.
It is never entirely clear when an Altseason begins. However, there are ways in which traders can prepare for a possible Altseason when there are signs that it is approaching.
This can be done, for example, by researching the potential of popular Altcoins. Taking the time to analyze expert opinions can help you better understand whether these coins are good investment opportunities or simply have a strong marketing strategy.
With proper and timely preparation, as a trader, you will be less likely to fall for fads and trends in the market that ultimately will not endure.