WHAT IS AN ALTSEASON?
Altseason is a term used in cryptocurrencies when alternative currencies, called “altcoins,” increase in value much more than Bitcoin.
During this time, investors move their funds from Bitcoin to other cryptocurrencies, causing the price and popularity of these currencies to increase.
We all wait for the altseason because it offers the opportunity to make quick profits, we are talking about cryptocurrencies that increased their value by 29 thousand percent, the bad news is that during the ALSEASON the market becomes super more volatile and not all currencies benefit from it .
HOW CAN YOU DETECT AN ALTSEASON?
An altseason happens when alternative cryptocurrencies rise much faster than Bitcoin.
Usually, these are the signs that you should take into account to discover the beginning of an Altseason:
Increase in the price of altcoins: Alternative cryptocurrencies are beginning to rise in value rapidly.
Increased interest in altcoins: More people are starting to talk about and invest in cryptocurrencies other than Bitcoin.
High trading volume: An increase in altcoin trading volume on exchanges is noted.
Social networks and media: An increase in discussion and media coverage about altcoin is observed.
When you see these signs, an altseason may be beginning.
It is important to know that many cryptocurrencies lack sufficient liquidity to grow during an ALSEASON, so it may happen that you see ALCOIN reach exorbitant prices of up to $700 while others not only do not go up but go down, so it is important to take into consideration the cryptocurrencies where investors will put their money. The last ALSEASON was in November 2021, although in subsequent days some cryptocurrencies had impressive historical highs, others did not move, it would be really sad to see your Crypto stay at the same price while a crypto like INTERNET COMPUTER that during the ALSEASON of 2021 reached the price of 630.00 US$, now exceeds a thousand dollars, so that whoever has a hundred coins will win close to a hundred thousand dollars, now you can imagine that those who have 1000 coins won a million $, something really impressive, the Litecoin's historical maximum was $420.00 in 2021. There were even coins that were close to reaching $3,000; while others, as I said before, not only did not earn a cent but also lost value. That is why it is important that you do a thorough study on the coins with a high percentage of probability of multiplying their value by up to a thousand dollars; Do not believe the influencers on YouTube and other social networks, many are coming and the last ALSEASON was at the end of 2021, so what they say is just propaganda paid for by their sponsors.
The ALSEASON has been repeated for three consecutive periods in which BITCOIN has been cut in half, no one can know when the next one will happen, based on the previous ALSEASONs, there is still time and the most probable date is next year, although this It may vary and it could be at the end of 2024, only God knows.
My advice is that you start now to review one by one the cryptocurrencies that experienced at least the ALSEASON of November - December 2021. That will give you information on which ones can repeat a Historical Maximum, the other thing is that you should know which new coins will have a maximum Historically, it is important to review its capitalization, its technology, its liquidity, and the interest it may arouse in potential investors. Remember that this bus only passes once every 4 years, and if you concentrate and make the right decision, perhaps in 2025 You end up having about 250 thousand dollars in your account, not bad to have a good time and help the family. Good luck 🍀.
Jorge Ferrer
Bachelor of Business Administration
