Personaly IMO we are still just scratching the surface of what we may see in the coming few months.
Unfortunately the global situation is so dynamic that we can easily be at the top even right now, just not realizing it yet.
I really hope that this is not the case and with a potential rise of Bitcoin we may also see big rise in most of the major alts too, likely a month or two later.
Topic: Altcoin season? - page 2. (Read 202 times)
There are so many intrigues that will change the dynamics of altcoins season like we saw in 2017. First is that, in 2017, it was majorly an ico influenced season under the etheruem Blockchain and so many scam shitcoins got hyped as soon as etheruem got the breath and became very popular because of the bunch of shitcoins it had but there are different blockchains now that doesn't depend on etheruem and this is the reason I think we have not yet seen that super run or isolated run from etheruem since Bitcoin got a moment of bull break. My point is we might not see an altcoin bull only because etheruem will bull.
Another dynamic change is the Trump incoming administration that seem like to have a free hand on cryptocurrency. So come next year first quarter, we could see altcoins bull season coming down.
Surely, like my point. Most of 2017 was ico influenced season under etheruem Blockchain. Many shit coins pumped and got buried.
Dominance of etheruem or bitcoin may not be necessary for the altcoins season as we now have other blockchains.
Another dynamic change is the Trump incoming administration that seem like to have a free hand on cryptocurrency. So come next year first quarter, we could see altcoins bull season coming down.
Some people, many of who are new to the market, don't know what "altcoin season" means. It is what happened during 2017 when literally any altcoin you looked at got pumped massively. Even dead coins that no longer had a functioning blockchain got pumped on some unknown exchanges that still listed them.
P.S. "Dominance" which should correctly be called "market cap ratio" is an irrelevant thing to look at.
P.S. "Dominance" which should correctly be called "market cap ratio" is an irrelevant thing to look at.
Surely, like my point. Most of 2017 was ico influenced season under etheruem Blockchain. Many shit coins pumped and got buried.
Dominance of etheruem or bitcoin may not be necessary for the altcoins season as we now have other blockchains.
For now the recent pumps of various shitcoins is due to the fact that recently bitcoin went up to a new ATH which breathed a new life into the market. But the rises are happening now that bitcoin stopped rising and is going side ways to get ready to break a major resistance. As long as bitcoin is stable at $90k range, various shitcoins will get pumped.
Though this is my first bull run experience, and to be honest, I think it's totally different from what I thought would actually happens, the alt aren't responding by doing 5x to 10x of their prices as I thought, or it's still early days I guess, but in all these, Bitcoin is a must more better bet than these alt coin which are too unpredictable and risky.
I guess we are in the little altcoin season as start. But we are not in the real altcoin season as Ethereum is not moved to the high price yet. Maybe altcoin needs more support to lift the price while Bitcoin needs to be stable at a certain price level. I think altcoin season may happen in the next year since we are close to that so it may be good if we prepare for that especially for those who have many altcoin lists.
Yes, the other altcoin already moved but that doesn't mean it is altcoin season. We need to wait and see if this will be the real altcoin season. Besides that, Bitcoin price now gets more correction because the price is up and down at that certain price.
Yes, the other altcoin already moved but that doesn't mean it is altcoin season. We need to wait and see if this will be the real altcoin season. Besides that, Bitcoin price now gets more correction because the price is up and down at that certain price.
Some people, many of who are new to the market, don't know what "altcoin season" means. It is what happened during 2017 when literally any altcoin you looked at got pumped massively. Even dead coins that no longer had a functioning blockchain got pumped on some unknown exchanges that still listed them.
What we are seeing here could be the start of that season but it is not yet it. For now the recent pumps of various shitcoins is due to the fact that recently bitcoin went up to a new ATH which breathed a new life into the market. But the rises are happening now that bitcoin stopped rising and is going side ways to get ready to break a major resistance. As long as bitcoin is stable at $90k range, various shitcoins will get pumped.
P.S. "Dominance" which should correctly be called "market cap ratio" is an irrelevant thing to look at.
What we are seeing here could be the start of that season but it is not yet it. For now the recent pumps of various shitcoins is due to the fact that recently bitcoin went up to a new ATH which breathed a new life into the market. But the rises are happening now that bitcoin stopped rising and is going side ways to get ready to break a major resistance. As long as bitcoin is stable at $90k range, various shitcoins will get pumped.
P.S. "Dominance" which should correctly be called "market cap ratio" is an irrelevant thing to look at.
Why I always read now it's altcoin season? just because XRP price went up almost 100% from the last week, and other altcoins like Cardano, Avalanche, Chainlink, Polkadot, Litecoin, Uniswap etc price rise for more than 20% from the last week.
When people talk about altcoin season, they mostly refer to this step https://cryptopotato.com/analyst-the-2021-altcoin-season-only-started/
From above path, the altcoin season start when Ethereum price outperform Bitcoin, while now Ethereum price didn't move, other coins does.
https://coinmarketcap.com/charts/bitcoin-dominance/
When people talk about altcoin season, they mostly refer to this step https://cryptopotato.com/analyst-the-2021-altcoin-season-only-started/
From above path, the altcoin season start when Ethereum price outperform Bitcoin, while now Ethereum price didn't move, other coins does.
https://coinmarketcap.com/charts/bitcoin-dominance/
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