Altcoin Season Is a Breath of Fresh Air for Beginners in the Crypto World

A trading session that can be said to be an altcoin season is a session where 75% of the top 50 alternative coins outperform Bitcoin. The period determined by its consensus is 90 days long.

In this case, you can check whether an altcoin season is happening or not on the blockchain center page.

So, why is the altcoin season a "Lebaran" for traders with limited capital? The answer is that they can easily bathe in profit during these periods.

As we know, Bitcoin is currently the crypto asset with the largest market capitalization, which is around 45 to 50% of the total cryptocurrency market capitalization. However, Bitcoin's popularity is also reflected in its expensive price.

Currently, one BTC coin is priced at around US$35,000, so not all traders can buy it. Because it is so expensive, Bitcoin is even priced in the smallest unit, namely satoshi units.

So, the only way for these traders to become sultans is to play in altcoins. The price is indeed cheaper than BTC, so they can own it in pieces.

Then, what happens if 50 altcoins post a capable performance? The result is certainly a harvest of profit for traders with thin pockets, right?

Altcoin Season Is a Shift in Market Capitalization from Bitcoin

Bitcoin's dominance in the crypto world is gripping tightly. Currently, Bitcoin's market capitalization is three times the market capitalization of Ethereum which is ranked second.

At certain times, Bitcoin's dominance weakens slightly. The cause could be driven by certain sentiments or new breakthroughs in alternative cryptocurrencies. It could also be driven by Bitcoin investors who are tempted to take profit.

Well, usually, what happens after that is altcoin season. Traders assume that this pattern occurs because Bitcoin investors "shift" some of their Bitcoin profits to buy alternative coins.Ultimately, the price of altcoins was pushed up.