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Altcoin Season? Not YetâBut Hereâs What the Data Says đ
I've seen many posts about a looming altseason that did not provide evidence or data-backed insights. Not helpful at all.
On the other side, Iâve been sharing content hinting that altseason could be approaching soon too. I looked at BTC dominance and overall market cycles. And yes, the probabilities have supported (and partially still do) that view.
But fresh data is always keyâand we need to stay flexible. Letâs dig into where we stand now and what could come next.
Last Cycle: The Setup for Altseason đ â Nov 2020 â ETH/BTC hit 0.027, with BTC dominance at 65%. â 6 months later â ETH/BTC climbed 196% to 0.08 as BTC dominance fell to 41%. â ETH soared 629% vs. BTCâs 167%, kicking off altcoin mania. đ Takeaway: BTC started the move, but altcoins dominated when new money flooded in.
Fast Forward to Today đ â Nov 2024 â ETH/BTC hit 0.032 and is up 10% since then. â BTC dominance today? 56.5%. â $1.08 trillion was added to the crypto market cap in the last 2 months, and 60% went into BTC.
What Does This Mean? đ€ No altseason yet. BTC is still dominating inflowsâjust like the early last cycle. But cycles donât have to repeat perfectly.
Key Questions Going Forward đź 1ïžâŁ Is this time different? Are we seeing a structural shift, or is it just delayed? 2ïžâŁ What triggers the altseason? A major ETH breakout? AI or DePIN hype? 3ïžâŁ What role does macro play? With rising debt and liquidity concerns, could BTC remain the safer bet? 4ïžâŁ What about 2025? Does historical data still point to altcoins outperforming after BTC peaks?
Final Thoughts đ We canât predict altseasonâwe can only assess probabilities. Currently, BTC dominance remains high, but history tells us it doesnât last forever.
Whatâs your viewâare altcoins about to break out, or will BTC keep leading? đ
Thank you, my God, for another year of life because primarily God above all and to you, Binance family, for helping to make everything in the lives of many a reality. A long time ago, I had a crypto, one BTC, when you started with Binance and nobody believed in you, and today you are a great company, and I lost everything, but well, here we go forward to 2025 #2024withBinance
Bitcoin has a fixed total supply of 21 million units of BTC, making it a scarce asset that cannot be issued indefinitely. A supply shock, therefore, intensifies this scarcity, as it reflects a reduction in the circulating amount of the currency available for sale.
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$BTC Bitcoin mining companies in the United States consume as much electricity as the entire state of Utah, according to a new analysis report released by the U.S. Energy Information Administration on February 2, 2024, and that is considered the lower end of the consumption range.[29]
Bitcoin mining operationsâ electricity consumption has increased more than 113-fold in ten years, rising from 1.0566 terawatt hours in 2013 to more than 121 terawatt hours in 2023, according to data from (ccaf). So its rate of increase is very likely to reach $100K and perhaps more than that in the coming week.
#Crypto2025Trends Bitcoin has a fixed total supply of 21 million units of BTC, making it a scarce asset that cannot be issued indefinitely. A supply shock, therefore, intensifies this scarcity, as it reflects a reduction in the circulating amount of the currency available for sale.
According to Woo, companies are copying the strategy of MicroStrategy, the software company famous for making recurring purchases of Bitcoin as an investment. With 439,000 BTC in its reserves, this company, which entered the Nasdaq 100 list this week, holds the largest amount of the currency in the world.
Projections for Bitcoin in 2025, amid the support of Donald Trump's government. In addition, national states may start secretly accumulating Bitcoin, given the possibility that the United States will do so. Donald Trump, the elected U.S. president, has stated that he wants to turn seized Bitcoin holdings into a strategic reserve asset for the government.
#XmasCryptoMiracles in this season, when we were little, we always asked for a Christmas miracle, the Christmas gifts or later those from the Three Wise Men. Nowadays, we also hope for a miracle. What miracle do you ask for from the cryptocurrency market? Mine is for crypto $BTTC to reach the price of $0.0005 dollars before the end of the year, so I can help many families in great need and give them the opportunity for a decent New Year's dinner. I decree that it shall be so, and I will do my part as much as I can đđđ
Doge at $1 by the end of December 2024 Dogecoin has experienced significant growth: From its beginnings as a joke, Dogecoin has gained a large following and has seen a considerable increase in its value. The value of $1 by the end of December 2024 projects a strong commitment to the market factor and the DOGE project of the new United States government.đȘ
Key factors: Strong community: Dogecoin has a very united and enthusiastic community, which has boosted its popularity. * Meme and fun: It started as a meme and has maintained a fun and light atmosphere, attracting many users.
#XmasCryptoMiracles đđ Will There Be a Christmas Rally in Cryptocurrencies This Year? đâš
With the end of 2024 in sight, many are wondering if the crypto market will offer a âChristmas rally.â This phenomenon, which usually occurs in late December and early January, has marked upswings in previous years. Will it happen again this year?
đ Factors That Could Drive a Rally 1. Bitcoin Halving: The upcoming BTC halving, scheduled for April 2024, generates anticipation and accumulation. 2. Institutional Optimism: ETFs and the increase in institutional adoption strengthen the market. 3. Momentum in Altcoins: Altcoins historically react positively after Bitcoin movements.
đ Altcoins to Watch âą Ethereum $ETH The king of smart contracts remains a solid bet, especially if Bitcoin rises. âą Stellar $XLM With its focus on international payments and technological improvements, XLM has good upside potential. âą Sui $SUI This new ecosystem focused on scalability and user experience has gained traction and could surprise with gains by the end of the year.
đ Conclusion
Although the Christmas rally is not guaranteed, conditions are favorable for a positive year-end. Bitcoin and Ethereum lead as safe options, while altcoins like XLM and SUI could provide interesting profits. Plan strategically and end the year successfully! đ đ
#CHRISTMAS MIRACLE, BTTC REACH $0.0005 DOLLARS BEFORE THE END OF THE YEAR.
#XmasCryptoMiracles in this time, when we were little, we always asked for a Christmas miracle, the Christmas gifts or later those from the Three Wise Men. Currently, we also hope for a miracle. What miracle do you ask of the cryptocurrency market? Mine is that the crypto $BTTC reaches the price of $0.0005 dollars before the end of the year, so I can help many families in great need and give them the opportunity for a decent year-end dinner. I decree that it be so, and I will do my part to the best of my abilities â„ïž.
Vitalik Buterin adopts Moo Deng with 88 ETH zoo donation
Moo Deng, a pygmy hippopotamus that became a viral internet sensation, was adopted by Vitalik Buterin, one of the most popular cryptocurrency founders.
Buterin, the co-founder of Ethereum, the worldâs second-largest blockchain network, became the adoptive father of Moo Deng, Thailandâs Khao Kheow Open Zoo announced in a Dec. 26 X post:
âThank you Vitalik Buterin for joining the Wildlife Sponsorship Program and adopting Moo Deng with a generous gift of 10,000,000 THB for her family!â
Buterinâs donation. Source: Khao Kheow Open Zoo
âWe look forward to working with you over the next 2 years,â the announcement added.
Moo Deng rose to viral popularity in September 2024 because of her expressive personality and charming social media videos shared by the Thailand-based zoo.
In response to the announcement, Buterin said he may donate even more than the current 88 Ether (ETH), or $292,000, to the zoo. He wrote in a Dec. 26 X response:
âI'm happy to be adoptive father to Moo Deng as she grows up over the next 2y and support her with my 10M THB donation, maybe more as I set aside 88 ETH for [Moo Deng] + frens.â
Buterin at the Khao Kheow Open Zoo. Source: Vitalik Buterin
In October, Buterin donated over $180,000 in ETH, sent to his address as Moo Deng memecoins to the biotech charity Kanro.
Moo Deng memecoin trader makes $3.4 million before 60% decline
Moo Dengâs global virality inspired the creation of a Solana-based memecoin, and some traders secured significant returns before the meme token shed nearly 60% of its peak valuation.
A savvy investor turned $1,300 into $3.4 million after achieving a remarkable 2,554-fold return on investment on the Moo Deng (MOODENG) token, Cointelegraph reported on Sept. 26.
Savvy Moo Deng trader. Source: Lookonchain
This financial gain has raised suspicions among some community members who speculate that an insider or developer may have been involved.
Yet, illustrating the dangers of memecoin trading, the hippo-themed memecoin fell 58% from its all-time high of $0.62 recorded on Nov. 16, 2024, CoinGecko data shows.
MOODENG/USDT, all-time chart. Source: CoinGecko
Over 99% of traders on Solanaâs memecoin launchpad, Pump.fun, have lost money or made less than $1,000 worth of profit.
Out of the total 8.5 million wallets, only 50 generated up to $1,000 worth of returns, while five wallets generated between $1,000 and $10,000.
Wallet distribution with profit on Pump.fun. Source: Dune
Only one single wallet managed to generate over $10,000 worth of profit on the memecoin launchpad, Dune data shows.
How Crypto YouTubers Become Rich: All Secrets Revealed! Source: YouTube
Magazine: Bitcoinâs $100K push wakes taxman, Vitalik visits real Moo Deng: Asia Express
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ambito Finance Bitcoin December 19, 2024 - 11:32 A guru claims that the third major Bitcoin supply shock has begun and the price could reach $250,000 in 2025 A Bitcoin supply shock refers to a decrease in the amount of BTC available for sale in the market.
Bitcoin pierced $100,000 and is already down $12,000 from its record El Salvador limits its Bitcoin trading to reach an agreement with the IMF for $1.4 billion Bitcoin could reach $250,000 in 2025. Bitcoin could reach $250,000 in 2025.
freepik.es
Cryptocurrency analyst and trader, Willy Woo, believes that the third major Bitcoin (BTC) supply shock has started. The previous two shocks preceded strong bullish trends in the price.
As explained by the portal Criptonoticias, a Bitcoin supply shock refers to a decrease in the amount of BTC available for sale in the market. This can be caused by various factors, such as more active accumulation by institutional investors or reluctance from hodlers to sell their holdings.
Learn more The bullish cycle takes a pause after recent gains. Cryptocurrencies plummet by up to 11% and Bitcoin pierces $100,000 With a pro-crypto environment and greater institutional adoption, 2025 could be a decisive year. The stellar rise of Bitcoin in 2024 paves the way for a "bullrun" in 2025: which cryptos the market is watching
Bitcoin has a fixed total supply of 21 million units of BTC, making it a scarce asset that cannot be issued indefinitely. A supply shock, therefore, intensifies this scarcity, as it reflects a reduction in the circulating amount of the currency available for sale.
According to Woo, companies are copying MicroStrategy's strategy, the software company famous for making recurring Bitcoin purchases as an investment. With 439,000 BTC đ
#ReboundRally taking advantage of a small bounce from $CATI as my first futures not without first watching several tutorials and getting to know the CATIZEN project whose airdrop on telegram has a few days left
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