"Alt Season" refers to a period when investors shift their focus from Bitcoin to alternative cryptocurrencies, known as altcoins. With Bitcoin's dominance, new investors often enter the market when it's too late or expensive. They then look for affordable alternatives, causing a surge in altcoin prices.
Historically, there have been three rounds of Alt Seasons:
1. The first round sees retail investors entering the altcoin market as they cannot afford Bitcoin. 2. The second round attracts millionaires and billionaires who invest in various altcoins. 3. The third round is characterized by widespread enthusiasm, with influencers proclaiming the arrival of Alt Season, leading to a mass shift from Bitcoin to altcoins.
During this time, experienced players sell their altcoins at high rates, securing profits and reinvesting in safer options. The first round has already begun, with the second round expected to start on January 1, 2025.
This timing coincides with the launch of new projects, such as BLIX Chain, which aim to capitalize on the Alt Season hype. These projects raise funds during the bull run and use them to create support levels and safeguard investor funds during the bear market.
As an investor, it's essential to identify value-driven projects with low volume, create support levels, and accumulate more coins at these levels. By understanding the dynamics of Alt Seasons and market trends, investors can make informed decisions and navigate the cryptocurrency market effectively. $SOL $ETH #SalidIsBack