In this thread, we’ll dive into the nitty-gritty of how the altcoin season is emerging, and the most important indicators that could signal its start. In addition, I’ll analyze 10 coins from different important sectors, and leave you with charts that will help you determine the future goals of these coins during the upcoming altcoin season! 🧐
🌐 First: What is the “altcoin season” and how does it happen?
Altcoin season is the period when altcoins see huge gains compared to Bitcoin. Usually, Bitcoin is seen to be the market leader in the beginning, but after it reaches its peak or stabilizes at high levels, investors start moving their liquidity to altcoins in search of higher returns. This is where altcoin season begins.
🕰️ Factors affecting the launch of the altcoin season:
1. Bitcoin Dominance: Bitcoin dominance plays a pivotal role in the timing of the altcoin season. When Bitcoin dominance is high, it indicates that Bitcoin is dominating the market. As Bitcoin dominance declines, money flows into altcoins, creating the opportunity for significant gains in these currencies.
2. Bitcoin Stabilization: Usually after Bitcoin experiences a strong rise and starts to stabilize at certain levels, investors start looking for other opportunities in the market. This shift from Bitcoin to altcoins is a strong indicator of the beginning of the season.
3. Technological developments and projects: Innovation is a major driver in the cryptocurrency market. With the increased interest in new projects in areas such as DeFi, NFTs, and gaming, we are seeing a huge influx of liquidity into these sectors, helping to boost the altcoin season.
4. Positive news and institutional moves: New partnerships, major institutional announcements, and the increasing adoption of digital projects are driving investors’ interest in altcoins, boosting the chances of a strong season.
🔗 Check out this analysis to learn more
Here are 10 cryptocurrencies that have been analyzed and their targets predicted:
1️⃣ A. FET (Fetch.ai) - Artificial Intelligence AI
A project focused on developing a decentralized platform based on artificial intelligence, allowing devices to interact and perform complex tasks without human intervention. Unique in its ability to provide intelligent solutions to everyday problems.
📊 Chart and goal analysis
2️⃣ ب. NEAR (Near Protocol) - Layer 1
A blockchain platform that aims to improve the speed and efficiency of transactions, and uses sharding technology to make them more flexible. It is considered one of the most prominent competing projects in the field of first layers.
📊 Chart and goal analysis
3️⃣ ب. OP (Optimism) - Layer 2
Layer 2 solutions represent the future of Ethereum scaling. Optimism aims to deliver a faster and cheaper network using innovative layer 2 technologies, making it a strong contender in this space.
📊 Chart and goal analysis
4️⃣ ج. IMX (Immutable X) - Gaming
A platform that aims to enhance gaming experiences on the blockchain, and is a pioneer in gaming NFTs. It uses advanced technologies to offer fast transactions and low fees.
📊 Chart and goal analysis
5️⃣ د. TWT (Trust Wallet Token) - Wallets
A currency of the Trust Wallet application, which is considered one of the most popular cryptocurrency wallets. It is used to store cryptocurrencies in a secure and decentralized manner, and is very popular among users.
📊 Chart and goal analysis
6️⃣ .ه THETA (Theta Network) - Streaming
A blockchain-based platform for enhancing digital content streaming. Offering advanced solutions to reduce costs and increase quality in video streaming services, it is a project with huge potential.
📊 Chart and goal analysis
7️⃣ و. POLYX (Polymesh) - Security Tokens
A platform specialized in secure digital assets, providing a safe and reliable environment for trading and holding secure assets. It is a pioneer in the field of digital security.
📊 Chart and goal analysis
8️⃣ ز. LINK (Chainlink) - Oracles
Oracle is a prominent project that connects smart contracts to external data. It plays a pivotal role in the DeFi sector by providing accurate and reliable data to smart contracts.
📊 Chart and goal analysis
9️⃣ H. DYDX (dYdX) - DeFi
A decentralized trading platform that allows users to access financial derivatives and trade futures in a decentralized manner. One of the strongest projects in the DeFi space.
📊 Chart and goal analysis
🔟 DOGE (Dogecoin) - Meme Coin
It started out as a meme coin, but has become one of the most popular. Its future depends on community support and interest from influential figures like Elon Musk, but it is still an important element in the altcoin market.
📊 Chart and goal analysis
⚡ Bottom line: If you see a decline in Bitcoin’s dominance and a relative stability in its price, be prepared to enter the altcoin season! These 10 coins could be among the rising stars, so be sure to keep a close eye on them and analyze their targets.
Want to know the future goals of your favorite currency? 📊💥
Share the name of the coin in the comments, and I will analyze the most popular coins and publish a detailed analysis about them soon! 🔍
Be ready for the next wave in the crypto world. 🚀
#BinanceLaunchpoolHMSTR #EIGENonBinance #TCPredictedNewATH #BTCReboundsAfterFOMC #CATIonBinance
