How to catch thousand times coins? List the tokens that skyrocketed in the last alt season
One article teaches you to identify and better seize the copycat season
Let’s talk about the conclusion first
You may be more concerned about when the copycat season will come. First of all, we can be sure that the fascinating copycat season has not arrived yet, because it happened in the middle and late stages of the macro wave. We are now in the period of the macro wave. The big pie is dominated by mainstream currencies such as Ether. When the market share of mainstream tokens begins to decline and the inflow of USDT/USDC increases, the altcoin season may begin.
In order to better understand the copycat season, we must first learn the definition of copycat season
"Altcoin Season" is a specific period in the cryptocurrency market during which the prices of cryptocurrencies other than Bitcoin (called altcoins or Altcoins) increase significantly and outpace Bitcoin in price growth. currency. This phenomenon is usually accompanied by an increase in market activity and trading volume, as investors begin to turn their attention away from Bitcoin and towards other alternative digital assets in pursuit of higher investment returns.
What were the outstanding tokens during the last round of altcoin season?
During the last alt season, which generally refers to the 2021 cryptocurrency bull run, many altcoins (cryptocurrencies other than Bitcoin) saw significant gains. Here are some of the coins that stood out during that time and their gains:
1. Dogecoin (DOGE)
Increase: Between the beginning of 2021 and May, Dogecoin rose from approximately $0.004 to $0.74, an increase of more than 180 times.
2. Shiba Inu (SHIB)
Increase: In May 2021, the price of Shiba Inu rose from extremely low levels at the beginning of the year to $0.0000388, an increase of thousands of times.
3. Ethereum (ETH)
Increase: Ethereum price surged from approximately $130 in early 2020 to over $4,000 in May 2021, an increase of approximately 30.77 times.
4. Binance Coin (BNB)
Growth: Binance Coin started 2020 at around $15 and rose to over $600 in May 2021, a roughly 40x increase.
5. Solana (SOL)
Increase: Solana’s price rose from approximately US$1.50 to approximately US$210 from the beginning of 2021 to September 2021, an increase of more than 140 times.
6. Polygon (MATIC)
Increase: Polygon’s price rose from approximately US$0.02 to US$2.68 from the beginning of 2021 to May, an increase of more than 130 times.
Everyone should be able to see one thing in common through these tokens. Except for the first two meme tokens, the others are tokens with practical applications. Therefore, before the next round of copycat season comes, we should check out more capital likes. Some of the narrative directions, in addition to allocating memes, also allocate some tokens with narrative representation, such as AI representative $WLD , Wall Street leader $SOL , which is likely to be the next proposed ETF token, etc., learn more. , do more research.
So what are the characteristics of the cottage season?
1. Market capital inflows: During alt season, market capital flows into altcoins, causing the market cap and price of these tokens to rise significantly. Bitcoin's market dominance typically declines as investors move funds to other cryptocurrencies.
2. Increased trading volume: During the altcoin season, the trading volume of various altcoins increased dramatically, reflecting the strong interest and active trading of these tokens by market participants.
3. Market Sentiment: The copycat season is often accompanied by overall optimism in the market. Investors’ expectations of high returns prompt them to invest more in altcoins, further driving up prices.
Indicators of the copycat season
1. Bitcoin dominance decreases: When Bitcoin’s market dominance (Bitcoin Dominance) decreases, altcoin market share increases, which is usually a signal that altcoin season has begun.
2. Surge in trading volume: Altcoins have seen a significant increase in trading volume, reflecting the strong interest in these tokens.
3. Market Sentiment Indicators: Market sentiment indicators such as the Crypto Fear and Greed Index show increased interest and confidence in altcoins among market participants.
4. Technology and News Events: The launch of new technology, project updates, or major news events (such as new partnerships, regulatory changes, etc.) can generate interest in a specific altcoin and drive its price upward.
Summarize
Altseason is a special phenomenon in the cryptocurrency market, where investors turn to altcoins in pursuit of higher returns. After reading the article, you should have a better judgment about the copycat season. Although the copycat season brings huge investment opportunities, it is also accompanied by higher risks and market fluctuations.Therefore, when participating in the altcoin season, investors should make clear their investment methods and conduct sufficient market research before entering the market for tokens with high market sentiment. Before that, we only need to protect our principal. There is always a lack of opportunities in the currency circle, but there is really no opportunity without principal. #山寨季何时到来？ #美众议院通过FIT21法案 #现货以太坊ETF获美SEC批准
