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During Altcoin Season, several distinct market characteristics emerge:
Increased Altcoin Dominance: Altcoins collectively gain prominence in the cryptocurrency market. In the recent Altcoin Season in May 2021, the combined market capitalization of the top 100 altcoins reached around 130% of Bitcoin's.
Rapid Price Appreciation: Altcoins experience significant price increases across the board, often outpacing the growth of Bitcoin. For example, large-cap altcoin prices achieved 174% returns versus BTC's 2% during the Altcoin Season from February to May 2021. Many narratives pop up and are not limited to just one or two trends.
FOMO: Overall market sentiment during Altcoin Season is typically bullish, driven by optimism about the potential for altcoins to deliver substantial returns. FOMO mentality is evidenced by high 24-hour trade volume across all large-cap coins, leading to increased buying pressure and price momentum.
#VoteToListOnBinance its all about shit coins value will be in multiple zeero' s so no one should bother binance is now garbage of these useless 🪴 coins. Pi listing is in vein why...why Pi not listed with majority with 86% positive votes. So I think users should not go with this bogus votes. OK