Altcoin season is a period when alternative cryptocurrencies, or altcoins, experience significant growth, often surpassing Bitcoin's performance. This season is characterized by heightened investor interest in altcoins, unique project developments, or overall bullish market sentiment ¹.
To identify when an altcoin season begins, look out for these key indicators:
- Rising Altcoin Dominance: A significant increase in the market cap of all altcoins compared to Bitcoin's market cap ¹.
- Bitcoin Dominance Index: A decrease in Bitcoin's market dominance below 50% ¹.
- Increased Trading Volume: A noticeable increase in trading volume across various altcoins ¹.
- Positive Market Sentiment: Bullish market sentiment across the cryptocurrency space ¹.
- Specific Events: Launching a promising altcoin project or regulatory developments favoring altcoins ¹.
Previous altcoin seasons have occurred in late 2017 to early 2018 and early 2021, driven by factors like ICOs, DeFi, and NFTs ¹. The current market is anticipating the next altcoin season, potentially driven by sectors like AI, GameFi, metaverse, DePIN, and web3 ¹.
Keep in mind that predicting an altcoin season is challenging, and it's essential to stay informed, diversify investments, and practice sound risk management to navigate the market's volatility ¹.
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