Alt Season is a term used in the crypto community to describe a period where altcoins (cryptocurrency other than Bitcoin) experience significant price increases and outperform Bitcoin.
Alt Season Features:
Market Conditions
1. Simultaneous increase in altcoin prices.
2. Bitcoin Dominance (BTC Dominance) is decreasing.
3. Altcoin trading volume is increasing.
Reason
1. Investor interest in new and innovative projects.
2. Development of technology and ecosystem.
3. Stable Bitcoin price increase.
4. Positive market sentiment.
Signs of Alt Season
1. Altcoin price increase >20% in a short time.
2. The emergence of new projects with high potential.
3. Increased activity on social media and crypto forums.
4. Increased trading volume on the stock exchange.
Alt Season Example
1. 2017: Altcoins such as Ethereum (ETH), Litecoin (LTC), and Monero (XMR) experienced significant price increases.
2. 2020-2021: DeFi (Decentralized Finance) boom, with rising prices of tokens such as Uniswap (UNI), SushiSwap (SUSHI), and Curve (CRV).
Trading Strategy during Alt Season
1. In-depth research before investment.
2. Portfolio diversification.
3. Good risk management.
4. Monitor market sentiment and news.
Source:
1. CoinMarketCap
2. CoinGecko
3. CryptoSlate
4. Coindesk
Please keep in mind that crypto investment carries high risks. Do your research and consult before making any investment decisions.
