The crypto market loves to surprise.
After a long marinade, the market decided to make a gift and, contrary to everyone’s expectations, launched the alt-season.
Some coins $BTC $ALPACA $DODO have already shot up by +100%, but there are only a few of such coins so far.
Look at picture 1, which shows the dynamics of alts for this week.
As you can see, the entire market has turned green.
But you know that we would not be so confident in declaring such an important event based solely on the market map.
There are more compelling arguments in favor of the altseason:
1️⃣ There is still fear in the market, which is confirmed by the fear index, and people are massively denying any hints of growth.
2️⃣ The dominance of the TOP-10 coins by capitalization, taking into account stablecoins, has begun to decline. This indicates the very same flow of liquidity into alts.
3️⃣Alt dominance has successfully started to bounce off the lower boundary of the long-term ascending channel. This means that in the medium term, alts are at the initial stage of growth.
4️⃣ More locally, the dominance of altcoins has successfully broken through the downward trend. This means that we have just entered the alt season stage.
In general, friends, the moment has come when losses on alts will start to turn into profits 💸
For now, we expect the alt season to last, under the most pessimistic forecasts, until alt dominance reaches 10.8-11.3%.
And this is from the current to +16% growth of their dominance.
If you think that this is a small amount, then in dollar equivalent it is about $319 million, which is quite a lot for low liquidity alts.
We shouldn't expect super strong growth yet and we don't expect alt highs to be broken at the end of March - April. The main task of the current alt season is to test the MA200d and MA20w moving averages, possibly even with a short-term breakout.
The real altseason will only happen when#BTCbreaks historical highs and goes into a new round of growth.
✔️ However, now is the time when opportunities for speculative earnings appear.
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