During last alt season, I turned $2750 into $156,000. If you missed it, don't repeat the mistake!
Altseason is a time full of opportunities when altcoins show the most rapid growth, giving thousands of percent in profit, even outperforming ETH and BTC.
➜ It's crucial to understand when it's going to happen, to not miss a chance to make generational wealth.
✔ In this article you'll know:
• the date when alt season begins
• alts with growth triggers
• which alts show strength right now
• how to prepare to maximize your profits
◢ When alt season?
To find out the exact alt season date, I measured how much time passed from BTC's cycle bottom and before its dominance started decreasing significantly in the previous market cycles.
On average, it took ~110 weeks before alts' wild rally began. As of May 2024, it's been only 78 weeks. Following this extrapolation, it will begin in December 2024 - February 2025.
◢ Distribution
Some tokens showed strength during the recent BTC's drop to $57k, while others ignored significant Bitcoin price rise and did not set new highs.
This may indicate distribution of such coins by market maker, especially if they entered a price range (sideways) before the final BTC surge.
Great examples are $ARB and $TIA. Look at the charts below:
◢ Alts with growth triggers:
$WLD - low circulating supply - 2%, $240M raised
$STRK - low circulating supply - 8%, $282M raised, L2 narrative
$TWT - long accumulation, MetaMask and Exodus IPOs are triggers
$OP - five tier1 VCs invested, strong up trend and good price action, $260M raised, L2 narrative
✔ Altcoins that show strength - (set new local highs, or/and did not break previous lows along with BTC):
$ICP, $IMX, $WLD, $DOT, $ATOM, $BNB, $ETH, $SOL, $TON
◢ Maximize your profits:
• Break up with your GF so you don't need to spend money on her. (I'm joking)
• Farm tier-1 airdrops during the bear market (Monad, Scroll, Aleo, Farcaster, Espresso)
• Allocate a portion of your profits to top-performing coins using a Dollar-Cost Averaging (DCA) strategy.
• Minimize your living expenses as much as possible.
I hope my article was helpful. If so, please do not hesitate to :
1. Follow me for more alpha content
2. Like & Repost to motivate me continue
#TrendingTopic