š¤£š¤£š¤£ I see you guys getting excited about the market turning green,
and youāre thinkingā¦ *"Is it the start of the altcoin season?"* Well, hold your horses! ššØ
Let me break it down for youājust because the market is looking green and altcoins are pumping, doesn't mean weāre officially in *altseason*. š¤
Hereās the truth about *altcoin season* and what you need to know:
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1. *What is Altseason?* š
Altseason refers to a period when *altcoins* (cryptos that aren't Bitcoin) start to outperform *Bitcoin (BTC)* in terms of *price growth* and *market dominance*. It's when we see *massive rallies* in altcoins, and they *outshine Bitcoin* for a while.
During altseason:
- *Altcoins* experience higher returns.
- *Bitcoinās dominance* (market cap percentage) drops.