We are currently in the Bull Run for stocks, where we have Nvidia, AI and technology reaching highs. When this ends and profit taking begins, these will go to #Bitcoin and #altcoins cryptocurrencies, which will be very cheap and attractive for speculators and whales. Money is always there, you just have to know where it is making its movements $SOL
Looking at the Cap chart of altcoins, we understand why Altcoins have not shown positive signs yet.
Bitcoin price is at its peak, but looking at Altcoin's capitalization, it is reaching 3/4 of last season's capitalization peak. And currently around 1.1 trillion on top of last season's peak of 1.6 trillion?
But in reality, there are a lot more Altcoins coming out this season, so the cash flow is fragmented and saturated... But the good ones with good technology or good VC funds are worth a few billion dollars.
So Altcoin has not been able to fly in recent times, but only seen a decrease like that! Only a few coins that have the ability to lead a really strong trend can receive the XX cash flow, but the majority have had their prices plummet.
So if you want Altcoin season, you must at least surpass the previous season's capitalization. Looking back at the 2021 season compared to 2017, the capitalization increased 4 times, this season's capitalization is expected to increase 2 times compared to 2021.. Then the times when the old ATH is exceeded and creating a new ATH will truly have the Altcoin Season wave. $ALT $WLD $ENA
17 June : Binance - OMG·WAVES·WNXM·XEM Delisting 17 June : $RPL - Houston Upgrade 17 June : $ENA - Tokenomics update 18 June : $BEAM - $SOPH Farming 18 June : $ZEN - ZenIP 42406 Proposal
19 June : $SSV - MM Proposal ends 19 June : $GMT - StepnGO Announcement 20 June : Coinbase Future - BOME·NOT Listing 20 June : $BNB - Tycho Hard fork 21 June : Quadruple Witching Day
24 June : $LTC - Litecoin Summit 2024 24 June : $AMB - Partnership announcement 25 June : $BTT - BTFS Halving 25 June : $SD - Mega burn 26 June : $BORA - Zaif Listing 26 June : $MTL - L2 Migration (Airdrop)
27 June : U.S. - GDP (QoQ) (Q1) 27 June : 1st Trump/Biden debate 28 June : U.S. - Core PCE Price Index 28 June : $AGI - Quarterly Staking Update 28 June : $VET - VeBetterDAO Mainnet 30 June : MiCA Stablecoin Regulation
#Bitcoin peaked in a downtrend, and #altcoins is peaking in an uptrend that has been going on since December 2023. Everything seems to set up for a season of #altcoins. . Keep an eye on these charts. Most likely it will start slowly, since we had been promised an altcoin season several times since April and take into account that in the northern hemisphere they will enter summer and the volume will not be as high.$BTC
I just bought 200 flux and opened a small trade on an Ada long. 250 usdt with settlement .25 and the long up to .65. With 40x leverage, at this point it would be a 200% profit on the trading bot I expect to earn 500 usdt from this trade. It is not an investment recommendation, it is only the operations that I open