Altcoins
Altcoin season may be about to begin!
Fri June 28, 2024 ▪ 3 min reading ▪ by Fenelon L.
Altcoin season, a highly anticipated period for cryptocurrency investors, is imminent according to a recognized market expert. Despite the recent decline in altcoin capitalization, signs of a turnaround are multiplying.
The Inevitable Crypto Market Cycle
Famous trader Mister Crypto remains optimistic despite the current volatilityAccording to him, the market dynamics follow a well-established pattern.
It all starts with a focus on Bitcoin, followed by a growing interest in Ethereum. This progression then opens the way to a real altcoin rush.
“The first stage sees capital flowing into Bitcoin, causing its price to rise significantly,” explains Mister Crypto. “Then attention turns to Ethereum, which outperforms Bitcoin.”
This movement triggers a domino effect, propelling high-capacity altcoins first before spreading to the broader market. Historically, this cycle has repeated itself several times.
During the last altcoin season in 2021, some cryptos saw their value multiplied by 100, or even 1000, logically attracting the interest of investors.
The first signs of a new bullish cycle
Despite the recent 17% drop in altcoin capitalization, indicators suggests an imminent rebound.
“We are on the cusp of a new phase of euphoria,” predicts Mister Crypto. “The fundamentals have never been stronger and adoption is accelerating.”
Indeed, the crypto ecosystem has matured considerably in recent years. Many projects have developed concrete use cases, attracting the attention of institutional investors. In addition, regulation is progressing, offering a clearer and more reassuring framework to the entire market.
The influx of capital is expected to benefit the most established projects first before spreading to smaller cryptos. “It is during this final phase that the most spectacular gains can be made,” the expert notes.
Altcoin season is looking promising for savvy investors. While volatility remains inherent in the cryptocurrency market, the growth opportunities appear considerable.
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Fenelon L.
Passionate about Bitcoin, I love exploring the intricacies of blockchain and cryptos and sharing my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for everyone, and I strongly believe that Bitcoin is the tool that can make this possible.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.