Some insights on "Altcoin Season"
These two days, An Ge saw someone say "There will be no Altcoin Season from now on". An Ge does not agree. I firmly believe that Altcoin Season will exist in every round of market cycle. The difference may only be the time of launch, and as the market matures, the time window for the collective launch of altcoins may become shorter and shorter, and it will tend to be a short and rapid wave of market conditions.
Taking the stock market as an example, the launch of each bull market is often led by large blue chips. When the rise of these large-cap stocks slows down, profitable funds tend to turn to small and medium-cap stocks. This phenomenon is common in market history around the world, and the currency circle is no exception.
It is worth noting that in the process of multiple bottoming out of the previous round of coin prices, many altcoins did not fall to the previous lows as expected. Their declines are relatively small, showing a certain degree of resilience. When the decline of altcoins gradually stabilizes or even begins to stop falling, it often indicates that the end stage of the overall market correction is coming.
For investors who hold altcoins, there is no need to be too pessimistic. Since you have chosen this field, you need to face the huge fluctuations it brings. As long as the altcoins do not have high leverage, the possibilities in the future are still unlimited. We can look forward to the arrival of a new surge.
