ALTCOINS SEASON HAS HAPPENED YET?
Today, Bitcoinboy will write an article about Altcoins Season (abbreviated as AS).
Issue 1: Does this cycle's AS season really exist?
According to analysis and monitoring, and through previous cycles, each cycle always has an AS season, but the way MM creates the game differs and the activation time also varies. Currently, in the previous months, the AS index was in a sideways range of 21 to a maximum of 41, but today it is already at 57/100.
If we consider the AS index to be strongest starting at 75 points, then there are still 18 points left, which would indeed indicate an uptrend season for AS, and at that time, a growth of 40%-100% for a coin per day would be very normal... at this point, FOMO starts to become very strong, and newcomers will join in because they see profits increasing exponentially.
Issue 2: If there is AS, how long will it last?
The AS season will last about 100-120 days after BTC breaks the previous cycle's ATH. Currently, we see BTC is nearing the 100K mark, and top coins have been and are being pumped strongly; the foundational infrastructure coins have been activated, and soon the big wave will still focus on these top coins and large market caps. Similar to building a house, the blueprint has been laid out before, and now is the time to create a solid foundation and a long-lasting community.
Issue 3: What is the MM's scenario for the AS season?
MM is the one who creates the game and wants to benefit from both waves (BTC and AS).
Currently, it shows that the recent pump was just a test phase by MM to see the market's reaction and the level of FOMO. The next projection is that BTC will have a very large pump... BTC will exceed 100K->110K, and at that time the AS index will be 75.
Further projections will be updated !$$BTC