The beginning of the season of altcoins; When will the alt season of digital currencies be?
The season of altcoins in the digital currency market is not a topic that can be easily passed and different analysts have different opinions about the start of the season of altcoins. Digital currency market experts are closely monitoring key indicators such as the failure of the market value of altcoins from the $55 billion mark. Additionally, the complex relationship between Bitcoin price trends and historical patterns with the altcoin season makes predicting the start of this season even more complicated.
Of course, the recent price increases in meme coins and the failure of Bitcoin dominance are early signs for the start of the altcoin season. In this article from Iranbroker, we fully talk about the season of altcoins and the start date of this season. If you want to stay ahead of this season, this article will provide you with everything you need.
Check the performance charts of Bitcoin, Ethereum and altcoins
Since the crypto bull market started in 2023 and mid-October, Bitcoin and Ethereum have seen a significant increase in capital flows compared to the altcoin market.
Price chart for the start of the altcoin season
According to the chart above, we can see that between October 10 and December 10, 2023, the market value of digital currencies increased by almost 50%, from $1.05 trillion to $1.64 trillion. In fact, Bitcoin and Ethereum were up 62% and 56% respectively.
