I see that everyone is excited because the market turned green, and you might be wondering... "Is it the start of altcoin season?" Wait a moment! 💨
Here I explain the reality about altcoin season and what you need to know:
1. What is Altseason? 🌐
Altseason is when altcoins start to stand out more than Bitcoin in terms of growth and dominance. It's when altcoins have explosive rises, and Bitcoin loses some prominence for a while.
2. How to recognize if we are in altcoin season? 👀
• Drop in BTC dominance: When Bitcoin's dominance starts to decrease, altcoins gain more strength.
• Altcoins outperform Bitcoin: If altcoins are rising faster than BTC, it's a clear sign that it might be approaching!
• Increase in volume for altcoins: The volume of altcoins starts to rise, and more people move away from BTC to enter altcoins.
3. A green market is not always altseason 🚫
Just because you see the market is green, it doesn't mean it's altcoin season. Remember that the market has cycles 🔄
Bitcoin still leads, and altcoins follow its movement, but it's not the time to jump in without thinking.
4. What to do at this moment? 🤔
• Be patient: Don't get carried away by euphoria.
• Diversify: Maintain a balance between BTC and altcoins.
• Watch Bitcoin's dominance: When it truly starts to fall, then you can say we are in altseason.
5. What comes next? 🔮
The market always goes through its ups and downs. Don't be fooled just because it's green. The altcoin season takes time to arrive. 🛠️
🚨 Personal opinion:
Just because the market is green doesn't mean it's altseason. Patience, research, and a balanced approach are your best allies. Stay informed, stay ready, and let's navigate and wait for the best opportunity to enter this market together! 🌊🚀