Not going to write about trends in this post. It’s not worth to speculate and definitely not worth to act like anyone knows what 2025 will bring. Deep down we all know that it’s just a wild guess. No one knows what to expect, nontheless we are all hoping for the best. What I definitely know is the answer to the Word of the day game for today. For me it is DISCOVER. Bless you and be kind!
Merry Christmas to everyone! Today’s Word of the day games answer for me was FESTIVE. Let’s enjoy the festive vibe and be good to each other! Deep down we are all the same flesh and blood. Let’s forgive and forget our differences and live together in piece and harmony 💕
Today Binance’s game Word of the Day solution for me was OFFLINE. I’ve noticed that the answers are not the same for everyone each day. But the answer will probably be OFFLINE for you some day this week. I hope it helps! Cheers and happy Christmas to all 🎄
Looking at this chart, where so you think we are right now and how far is the start and end of alt season?
Trade Eagle
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For newbies to know about alt session
An Altcoin Season (Alt Season) occurs in the cryptocurrency market when altcoins (cryptocurrencies other than Bitcoin) outperform Bitcoin in terms of price growth and market performance. During this period, investors shift their focus and capital from Bitcoin to altcoins, leading to significant price surges for these alternative cryptocurrencies. ### Key Indicators of an Altcoin Season: 1. Bitcoin Dominance Drops: Bitcoin dominance (its share of the total crypto market capitalization) decreases, as more money flows into altcoins. 2. Rapid Growth in Altcoin Prices: Altcoins experience significant price increases, often outperforming Bitcoin in percentage gains. 3. Speculative Investments: Traders and investors seek higher returns by investing in smaller, lesser-known altcoins, creating a wave of speculative buying. 4. Increased Trading Volume: Altcoins see a surge in trading volume, indicating heightened interest and activity. ### What Triggers an Alt Season? - Bullish Market Sentiment: A positive overall sentiment in the crypto market can drive investors to explore altcoins after Bitcoin has rallied. - Major Altcoin Developments: Network upgrades, partnerships, or successful project launches can draw attention to specific altcoins. - Bitcoin Consolidation: When Bitcoin's price stabilizes or moves sideways after a rally, traders often shift to altcoins for potentially higher gains. - Major Events: Regulatory approvals, Ethereum ETF launches, or Bitcoin halvings can indirectly trigger an Alt Season. ### Risks During Alt Season - Volatility: Altcoins are often more volatile than Bitcoin, leading to rapid price swings. - Pump and Dump Schemes: Some altcoins may experience artificial price increases driven by coordinated manipulation. - Illiquidity: Lesser-known altcoins might have low trading volumes, making them harder to buy or sell without affecting the price. To identify whether it's an Alt Season, tools like the Altcoin Season Index can be helpful. This index measures how many of the top-performing coins (excluding Bitcoin) are altcoins over a specific period.
#ChristmasMarketAnalysis Since many seem to be struggling today please allow me to help you. Binance’s game Word of the Day answer of today is CALENDAR. Don’t struggle and be kind instead. I wish you Happy Christmas and strong coming altcoin season to everyone! Don’t be reckless! Xxx
A great chart explaining the $BTC and altcoin movements during different market cycles. According to the chart we are still not fully in the Altcoin season. It is coming really soon though. Be patient and don’t loose your cool. The altcoin season has always followed the bitcoin pump. There is a massive potential in alts but not without the risks. You win some you loose some.
Another short correction behind us before next bump up. This is how crypto works. The more there is hype and FOMO, the sharper the corrections and rises are. A couple of more of these swings up-and down before a bigger crash and longer bear market. What goes up must come down ☺️
According to a recent Consensys and YouGov survey, conducted across 15 countries and 15,000 respondents, 92% globally have heard about cryptocurrencies, with 50% claiming to understand what they are. Furthermore, the same survey underscored a shifting narrative regarding cryptocurrencies. Globally, 16% of respondents stated that they view cryptocurrency as the "future of money," while 11% stated that it is an alternative to the traditional financial systems and the future of digital ownership. We are growing in numbers. Crypto is going mainstream. In a couple of years I believe there will be more and more services and stores that accept crypto for payment. The future is here.
#MarketNewHype Every week there are new coins listed. Forums are full of noobs asking how and which coins to buy. Blogs and vlogs are full of crypto finfluencers “knowing” which coins are going to the moon and how much a coin will rise tomorrow and a week after. I spell greed and fomo in every corner. Altcoin season is at it’s peaks. Soon there will be blood in the streets. Be careful!
#BTCReclaims101K The Christmas sale is over and $BTC is above 100k line again. Soon it will test 120k and who knows where it will go next. I’m so disappointed at myself that I sold all my btc this September. So much potential gains are lost… oh well, but not lost forever I hope. 🤞
#MajorAirdropWatch I usually try to participate in all the free airdrops available for Binance users unless they take too much time and hassle to qualify. The best recent airdrops for me have been $USUAL and $MOVE . Unfortunately I’ve already sold all of my USUAL for 0.3usd and 0.5usd. Should have kept some….
#2024WithBinance 2024 has been an okay year so far. I am quite conservative in my investment strategies lately so I haven’t made many trades. The ones I’ve made have not been very good. Yet again confirming me that crypto is too difficult and unpredictable for me. I feel the alt season rushing in now. $VET $XLM and $DOT have risen quite well. Hopefully they will rise even more and hopefully I will exit at relatively good time… probably not though 😂
#ETHOnTheRise Having been in crypto scene for over 7 years now I am anticipating the ETH pump and subsequent Altcoin pump the most. If this cycle is like the previous ones I expect ETH to be around 6-8k soon and overall market cap around 5T. The best rise and pump will probably occur in January. Fingers crossed for Altcoins!
#BSCOnTheRise As mentioned in my previous posts, altcoin season comes always a bit after bitcoins rise, usually lagging 2-3 months. Potentially we can see more altcoin rises already this December and January. I hope to see a green dild0 for BNB similat to what $XLM and $VET have already expected this season. Will BNB rise to 1200 usd this time?
#AIAndGameFiBoom AI has been very hot these last couple of years in investment sector. Nvidia has risen 2000x with last couple of years. Can’t say the same for any of the game related stock, or maybe Im just ignorant. On the other hand I feel like it’s vice versa for crypto. Sure AI is hot, but games - much-much hotter 🔥 If you missed Nvidia and want something to rise 2000x in the near future, my suggestion would be to get something from games sector 🎮
#ThanksgivingBTCMoves Usually $BTC has moved the most around this time - end of the year after bitcoins halfing. I’ve heard people predict that bitcoins price will be 180 000 usd during this bull run. We’ll see by January what the price is. Usually it’s at its highest by that time. I’m more eager to see the next altcoin season as you imagine by reading my previous posts.