๐ Altseason: A Brief Overview ๐
A recent study focuses on altseason โ a period when altcoins grow faster than Bitcoin ๐น
๐ What is Altseason?
Altseason starts when Bitcoin's dominance reaches a peak and ends with a new all-time high for the TOTAL2 index, which reflects the market capitalization of 125 altcoins.
โณ History
There have been two altseasons. The first began on March 1, 2017, when Bitcoin's dominance fell from 96% to 36%, increasing the market capitalization of altcoins to $470 billion! ๐ฐ
๐ Duration and Growth
The first altseason lasted for 310 days, with the index rising by $470 billion. The second one started in 2021 and lasted for 309 days, with an increase of $1.5 trillion in the index ๐
๐ Timeline Coincidence
Both altseasons had a similar duration. It was also established that Bitcoin's halving occurs at 62% of the cycle ๐
โจ Role of Halving
Halving is crucial for market structure, as both altseasons began after a halving event ๐ซ
Following these trends, investors can better predict movements in the altcoin market.
