Altcoin season? | Bitcointalksearch.org

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Quote from: TastyChillySauce00 on December 03, 2024, 11:23:09 PM

I think we are still early stage of altcoin season, BTC dominance is still high, but at the same time people are euphoric with the fact that all their bag is going green nowadays.

Reaching a lower bitcoin dominance is something we have to wait a bit more, I understand that it may not look great at the moment, but it is going to be much better for alts in the end, and for that reason I have hopes that we are going to see altcoins pump a lot, like as in see all of these coins reach double of what they are right now, some of which will be with bitcoin going up with them, some of which will happen when bitcoin stays and alts go up which will make bitcoin dominance go down.

But I am pretty sure, the double part will happen, it doesn't matter if we are talking about right now or sometime later, but that's going to probably happen one way or another and that's the part we should be focusing on for sure.

l99l

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If it were early in the altcoin season, it looks like it at least. XRP, some coins and some shit coins made good gains.
Ethereum just went above 4k dollars.
There is a slow money inflow into altcoins now, although everyone wants bitcoin dominance to decrease, everything seems reasonable right now, in reality there will be gradual changes in altcoin inflows.

Dr.Bitcoin_Strange

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Quote from: virasog on December 06, 2024, 11:08:48 AM

Quote from: Dr.Bitcoin_Strange on December 04, 2024, 05:33:23 AM

Despite that some of these few altcoins are pumping in price there are still so many alcoints that are not pumping and even if they pump by 40% of more, they have not breakthrough their previous all time high.

Well, it is very much obvious that not all altcoins will pump together, it is that we get rally in few altcoins, then it cools off and then we get another rally in other altcoins and so on. Also this time I don't think that all altcoins will pump like in the previous season, this time only the ones with strong use cases should show more strength and break their all time highs.

To see if its an altseaon the following factors may be considered.

1) Check the ETH/BTC chart, and as soon as ETH shows strength against bitcoins, we are in the beginning of the alt season.

2) Check the total3-usdt/btc and any value over 4- 4.5 means that the Alt Season is starting.

3) See the Altcoin Season Index and it will give a good idea as we are in the Altcoin season or not.

I am not interested on investing in any altcoin so I don't care much about whether the alt season is fully ripe or not. I just feel so much excited with profit that is already made from Bitcoin and there's no way I can sell off my Bitcoin to start investing into altcoin which I don't even trust if the altcoin will do well or not.

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The pump that the alts are getting looks it's the signal that we're already in the altcoin season but it's also hard to tell when BTC is stomping everyone from its increase.

Quote from: Z_MBFM on December 06, 2024, 11:13:24 AM

Many have been saying that Bitcoin's Bull Run is over since it crossed $100k. Now is the time for Altcoins and the market seems to be doing just that

Nope, it's not over for Bitcoin. We just reached that a day or two ago and everyone is telling that based from what you've heard? Well, they have probably sold already and that's why they wish to get into the bear market already. We're not yet there, the expected bear market shall start by 2026 or Q4 of 2025. So, we don't know yet if that's already ended but obviously, it's not over.

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Quote from: Z_MBFM on December 06, 2024, 11:13:24 AM

-snip-
Many have been saying that Bitcoin's Bull Run is over since it crossed $100k. Now is the time for Altcoins and the market seems to be doing just that
Yes altcoin season is start and those who invested in alt earlier at low prices will now get much better profits and many have already made good profits from altcoins.

There is not even a sign that the Bitcoin bullrun is over, and this is also still the beginning. When Bitcoin reaches $100k it will get higher, and we see now bitcoin was able to reach $104k but then corrected to the price of $90k and rose again above the $100k hurdle.

Bitcoin's journey is not over yet and if bitcoin experiences a stable price or a sideways above the $100k price, the altseason will actually begin.

The altseason has already begun, some of the top coins are up to the new ATH and this will continue for 90 days as in the previous altseason.
Don't miss it, keep holding your altcoin and if it's an altcoin that has good potential then it will go up slowly.

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Quote from: Apocollapse on December 02, 2024, 11:19:00 PM

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.
-cut-

Because most people in this scene are unaware of the terminology and origins of the terminology. And frankly it's understandable. Terms like Altcoin season or altcoin summer have been vague from the start, and just later on other people have tried to define them. Originally there wasn't even any other definition, then altcoins being more profitable, because bitcoin was already big.

There definitely weren't any theories about it like this image in the link you posted:

Or if there were, they were considered to be memes rather than real theories. And they were as plausible as any other theory.

And we didn't really have any authority to turn into. Except some OGs which were too still figuring this scene out.

And now, during every bull run, we have more new influencers, and some of them are just as clueless as newcomers themselves, but they act like OG:s and people believe them. So when they say it's altcoin season or anything like that, their followers don't have enough experience to question them.

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Quote from: Dr.Bitcoin_Strange on December 04, 2024, 05:33:23 AM

Despite that some of these few altcoins are pumping in price there are still so many alcoints that are not pumping and even if they pump by 40% of more, they have not breakthrough their previous all time high.

This is why we ought to invest our money in a good altcoins projects that have a very good team with good liquidity. There are so many altcoins that are dumping currently and we can lose more money from these projects. We have seen drastically moves in many altcoins in the market allowing holders and traders to make extra profits from these projects. Cryptocurrency is rewarding when we are holding on good projects that have huge community backing so we just don't lose money when some whales decided to sell part of their holdings.

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Quote from: Apocollapse on December 02, 2024, 11:19:00 PM

From above path, the altcoin season start when Ethereum price outperform Bitcoin, while now Ethereum price didn't move, other coins does.

Agree this year is kinda different frennn

1. Bitcoin reach All time High before the halving (*This not happen in the past if I dont mistaken, usually bitcoin gonna reach new ATH after the halving)
2. Memecoin is flooding the market (* I consider this a low cap, but if you know the flow usually money goes Big - > Mid -> Small Cap )
3. ETH is stuck like you said (* BNB SUI TRX all this coin already created its new all time high, but ETH still stuck below 4K)

Z_MBFM

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The altcoin season has already started and the potential altcoins are slowly starting to pump up. SOLANA , NEAR , TRX , DOGE , SUI are pumped enough already. And the price of ETH is starting to rise and once the bull run of ETH starts well, the prices of other altcoins will start to rise rapidly. Many have been saying that Bitcoin's Bull Run is over since it crossed $100k. Now is the time for Altcoins and the market seems to be doing just that

Quote from: taufik123 on December 06, 2024, 04:34:36 AM

Yes altcoin season is start and those who invested in alt earlier at low prices will now get much better profits and many have already made good profits from altcoins.

virasog

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Quote from: Dr.Bitcoin_Strange on December 04, 2024, 05:33:23 AM

Despite that some of these few altcoins are pumping in price there are still so many alcoints that are not pumping and even if they pump by 40% of more, they have not breakthrough their previous all time high.

Well, it is very much obvious that not all altcoins will pump together, it is that we get rally in few altcoins, then it cools off and then we get another rally in other altcoins and so on. Also this time I don't think that all altcoins will pump like in the previous season, this time only the ones with strong use cases should show more strength and break their all time highs.

To see if its an altseaon the following factors may be considered.

1) Check the ETH/BTC chart, and as soon as ETH shows strength against bitcoins, we are in the beginning of the alt season.

2) Check the total3-usdt/btc and any value over 4- 4.5 means that the Alt Season is starting.

3) See the Altcoin Season Index and it will give a good idea as we are in the Altcoin season or not.

Ricardo11

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In fact, the way Bitcoin has pumped currently, for that I think the alt season has not started yet, because we have seen Bitcoin hit $100K, but there was no alt coin pumping at that time, but the alt season will start very soon, at that time each coin can give 3X to 4X returns.
So if you want, you can buy some alts, there is a possibility of getting huge returns from them in the future. If you invest in some mm coins right now, they can pump in the alt season, although we cannot trust mm in any way, still if somehow you are lucky, there is a possibility of making a huge profit.

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Quote from: Rampagoe004 on December 06, 2024, 09:49:26 AM

Quote from: Dr.Bitcoin_Strange on December 04, 2024, 05:33:23 AM

Despite that some of these few altcoins are pumping in price there are still so many alcoints that are not pumping and even if they pump by 40% of more, they have not breakthrough their previous all time high.

The altcoin season has not yet fully risen, only some altcoins have risen 40% or even more, the increase that is occurring now gives a strong signal that the altcoin season will arrive in the near future where all altcoins will experience a price spike to reach their all-time high.
Let's focus on the movement of Bitcoin and Ethereum, both of which have reached ATH, although the movement of altcoins is still minimal than usual. Apart from that, the movement is already visible. Let's see whether the movement will continue to rise and the altcoin season will occur at the end of this year.

BTC DOM is still too high.
Just wait these times out and see the alt season afterward - that's what I would do.
As taufik said, ETH and other big alts didn't outperform BTC yet.

Rampagoe004

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Quote from: Dr.Bitcoin_Strange on December 04, 2024, 05:33:23 AM

Despite that some of these few altcoins are pumping in price there are still so many alcoints that are not pumping and even if they pump by 40% of more, they have not breakthrough their previous all time high.

The altcoin season has not yet fully risen, only some altcoins have risen 40% or even more, the increase that is occurring now gives a strong signal that the altcoin season will arrive in the near future where all altcoins will experience a price spike to reach their all-time high.
Let's focus on the movement of Bitcoin and Ethereum, both of which have reached ATH, although the movement of altcoins is still minimal than usual. Apart from that, the movement is already visible. Let's see whether the movement will continue to rise and the altcoin season will occur at the end of this year.

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Quote from: justdimin on December 05, 2024, 03:02:23 PM

Quote from: Apocollapse on December 02, 2024, 11:19:00 PM

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.

Yeah it might be, not entirely sure though, bitcoin could go up a bit more, we are going to see bitcoin rise up eventually, we just need to make sure that we can handle all of this much better and for that to mean something we are going to end up with a good return.

I believe we need to focus on how to get better results with time and altcoin seems like a good way to do that for now, I believe we can make this work somehow. I know that it will take a while, but I also think that we are going to see much better results eventually as well. That is why it would be smart to avoid all of this, and just focus on how to get better deals with time as well. If you can somehow do that, then you are going to end up with a much better result.

Now Bitcoin has really reached the ATH that everyone expects, but then many are taking profits above the price of $100k.
Then the decline happened quickly and this seems to me to be quite normal, so the price is still stable at the price of $98k+++.

I still believe Bitcoin will rise higher than this, but it still takes time and gives the Altcoin a chance to start recovering in price and reach a new ATH.

Ethereum still hasn't outperformed Bitcoin and the new ATH is still not reached, but the previous cycle won't be exactly the same as now, there will certainly be differences.

The altcoin season will really start when the price of Bitcoin stabilizes above the ATH price, and then it is marked with Ethereum reaching the ATH and then other altcoins follow. It's still early enough to start Altcoin Season, so it is necessary to prepare our respective bags.

justdimin

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Quote from: Apocollapse on December 02, 2024, 11:19:00 PM

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.

Yeah it might be, not entirely sure though, bitcoin could go up a bit more, we are going to see bitcoin rise up eventually, we just need to make sure that we can handle all of this much better and for that to mean something we are going to end up with a good return.

I believe we need to focus on how to get better results with time and altcoin seems like a good way to do that for now, I believe we can make this work somehow. I know that it will take a while, but I also think that we are going to see much better results eventually as well. That is why it would be smart to avoid all of this, and just focus on how to get better deals with time as well. If you can somehow do that, then you are going to end up with a much better result.

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Many people do not understand what an “altseason” actually is. Similar happened in 2017 when every alt pumped before ETH.

If anything, we are at the start of the altseason.

Dr.Bitcoin_Strange

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Despite that some of these few altcoins are pumping in price there are still so many alcoints that are not pumping and even if they pump by 40% of more, they have not breakthrough their previous all time high.

Apocollapse

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Now it's the turn for BNB, Tron and other smaller caps altcoins, ETH is still sleeping.

Quote from: pooya87 on December 03, 2024, 12:09:59 AM

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.

Yeah most likely, it's like they have a span time to react the Bitcoin market. And after I check the graph, altcoin season happen after Bitcoin season, to be more accurately a year after Bitcoin season.

So, to maximize profit the pattern might be like this:

Hold Bitcoin > When Bitcoin pump, sell Bitcoin > Buy big market caps altcoins that still not rising when Bitcoin pump > After the price pump, sell it > Buy Bitcoin

Quote from: ? on December 03, 2024, 02:12:08 PM

I'd say Memecoin season Grin

Nope, actually memecoins are currently not perform.

TastyChillySauce00

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I think we are still early stage of altcoin season, BTC dominance is still high, but at the same time people are euphoric with the fact that all their bag is going green nowadays.
some coin already breaking their ATH, for example ONDO as an RWA coin.

meanwhile the other coin like ETH and so on aren't performing so great but that's to be expected since they are so weak even before the altcoin season.

trends shifting I guess, and people focused on coin that actually have high trading volume. also, there's been influx of large capital towards old coins like XRP, XLM and so on, I expect current altcoin season to be different compared to previous altcoin season.
many people will get sidelined.

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Quote from: Coyster on December 03, 2024, 03:58:17 PM

I don't think we are in altcoin season as we know it, some altcoins/shitcoins have pumped, but there has not been an altcoin "craze" with plenty of them pumping and setting crazy numbers, that is what is altcoin season as we know it. If you are keen on buying altcoins, you can wait until that time to buy some for yourself, or you can "gamble" with a few of them right now and hope they get pumped when the time is right.

Yes, maybe it's not time to wait for the altcoin season to arrive and it can be the desired hope, by providing many opportunities that you want to achieve, by choosing the right crypto and that becomes an opportunity, to determine the future by buying at a low price and postponing it for a while, that is the right choice to make.

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I don't think we are in altcoin season as we know it, some altcoins/shitcoins have pumped, but there has not been an altcoin "craze" with plenty of them pumping and setting crazy numbers, that is what is altcoin season as we know it. If you are keen on buying altcoins, you can wait until that time to buy some for yourself, or you can "gamble" with a few of them right now and hope they get pumped when the time is right.

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Quote from: hugeblack on December 03, 2024, 03:16:21 AM

Usually, the collective height of Altcoins is compared to the Bitcoin Index, not compared to USD, and therefore most coins still perform a negative performance except for XRP and some pumping and dumping coins that do not usually follow the price of bitcoin.

Altcoins space is so vast and indeed not all are performing well because not all of their devs has a dedication to the project that they have created. So when comparing, it is important to be specific only to have a better accuracy. Maybe there are still some alts though that had fully recovered and then break its new ATH just like what BTC did last time and then maybe some are literally better than in BTC because they retain it. XRP is still an altcoin even though it is like a fiat due to its solid relation to banks and I think it still follows the movement of BTC sometimes. It was only the pump and dump coins rather are the ones that has their own real world applications.

Churchillvv

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Perhaps from what I have been reading about altcoin season it doesn't correspond with the current price movement of some altcoins. Altcoins season is usually when all altcoins become very bullish including the pump and dump coins infact generally every coin that is not bitcoin will perform very well within the season so since only a few coins is doing well now that means it's not yet altcoins season may be it's the start of altcoin season.

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I'd say Memecoin season Grin

sunsilk

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Quote from: Apocollapse on December 02, 2024, 11:19:00 PM

From above path, the altcoin season start when Ethereum price outperform Bitcoin, while now Ethereum price didn't move, other coins does.

Prolly this is the first part of the altcoin season. While ETH didn't move a lot and the other altcoins in the market have been moving so well and pumping a lot, this won't make us avoid thinking that we're already in the altcoin season.

There are still more fundamentals and news to come for 2025 and that's what we should await for. Too many things to expect but still, we have to control ourselves for stressing too much expectation. It is okay for me if ETH hasn't outperformed BTC or maybe not yet.

More to go for BTC as well as this is the most awaited crypto that shall break the new walls and barriers by 2025 or maybe at the end of this month.

bittraffic

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Altcoins are pumping and its euphoria again for altcoins holders. We waited this for a long time and its finally coming up, its time for altcoiners to also profit besides Bitcoin is moving sideways and unless you going to the leverage market you can profit from such market otherwise, chase the token pump for they are yet not done pumping.

XRP been the top rising in a week. even the streamers that doesn't really follow crypto market are now trying to discuss about XRP profit.

Jegileman

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The push we have seen in most altcoins even when bitcoin stops pumping will bring a lot of possibilities and discussions up that we may have already started approaching the altcoin season. Bitcoin has lowered down its strength to push upward further for some weeks now and it’s yet to gather momentum to record a new all time high while other altcoins are still rising and recording a new all time high. When money starts flowing out of bitcoin and goes into altcoins, then the altcoin season is now upon us.

But one thing that could be a stumble and will bring a lot of speculations more is bitcoin not reaching $100K soon and altcoin season begins. Will it be that it is possible for altcoin season to come and after that, we’ll see another bull run for bitcoin to record a new all time high? I’m not sure if it happened in the past but could they be a possibility for that if we don’t see bitcoin reaching $100K before altcoin season starts?

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I Think that the ALT season is started because not BTC is just Touches it's Latest ATH so now the majority gona get their money from BTC and gona PUT INTO ALT coins soo for me it BIG YES.

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Quote from: ? on December 03, 2024, 04:57:29 AM

Quote from: freedomgo on December 03, 2024, 03:59:07 AM

We need to wait for the rally for BTC to drop off a bit.
After all, the funds should start to go in another direction for us to see the alts boom.
For now, we can observe BTC and see how it behaves during this cycle to see something that would lead to more clues in the upcoming events.

I’m fine with Bitcoin at its current price because if it stays stagnant, the money usually flows to the altcoin market instead. We’re already seeing some altcoins turning profitable, which might be an early sign of an altcoin season brewing. Being ahead of the curve could mean better profits if the market does shift in that direction. But to answer the question, I still don’t think it’s officially altcoin season yet - BTC dominance is still above 50%, which is why altcoins could not break out yet.

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Quote from: freedomgo on December 03, 2024, 03:59:07 AM

Bitcoin's dominance is still over 50%, quite a bit higher than when I last saw an altcoin season in January 2018, where Bitcoin's dominance dropped to its lowest at 33.82%. You can check the historical data here: https://www.statista.com/statistics/1269669/bitcoin-dominance-historical-development/

So, it seems we're still a way off from another altcoin season. Despite some signs, with Bitcoin's dominance rate above 50%, it indicates that investment hasn't significantly shifted from Bitcoin to altcoins yet.

https://www.talkimg.com/images/2024/12/03/p6I4w.png

We need to wait for the rally for BTC to drop off a bit.
After all, the funds should start to go in another direction for us to see the alts boom.
For now, we can observe BTC and see how it behaves during this cycle to see something that would lead to more clues in the upcoming events.

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Quote from: Segmadis on December 03, 2024, 03:02:19 AM

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.

When there would be a flow of funds out of BTC and into big fundamental alts - then maybe we can talk about the proper alt season.
Beforehand - nah.

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Quote from: Text on December 03, 2024, 03:42:34 AM

I don't believe that just because Bitcoin dominance has decreased, it’s directly related to an altcoin season. It seems like something that has happened before, but in the end, it always ends up being just pump and dump. The market movement is isolated and not a coordinated season, so it’s unlikely that this is an actual altcoin season, especially with ETH's price still stagnant. I would be more inclined to think that this is just a temporary rise or simply a hot streak for some altcoins.

Yes, what happened to Bitcoin is just a healthy correction and institutional interest in Bitcoin is still going on and they are just waiting for the right time to act and I think Bitcoin will hit $100,000 which can extend Bitcoin’s dominance which will delay the altcoin season. Right now, only a few altcoins have managed to outperform Bitcoin and Ethereum is also not moving and is just stagnant which shows that the altcoin season is not here yet and there might be signs of it which I think might happen next year. And if the number of altcoins keeps increasing, we will see a clearer signal of the shift in market dominance to altcoins and for now the signal is not clear.

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Bitcoin's dominance is still over 50%, quite a bit higher than when I last saw an altcoin season in January 2018, where Bitcoin's dominance dropped to its lowest at 33.82%. You can check the historical data here: https://www.statista.com/statistics/1269669/bitcoin-dominance-historical-development/

So, it seems we're still a way off from another altcoin season. Despite some signs, with Bitcoin's dominance rate above 50%, it indicates that investment hasn't significantly shifted from Bitcoin to altcoins yet.

Text

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I don't believe that just because Bitcoin dominance has decreased, it’s directly related to an altcoin season. It seems like something that has happened before, but in the end, it always ends up being just pump and dump. The market movement is isolated and not a coordinated season, so it’s unlikely that this is an actual altcoin season, especially with ETH's price still stagnant. I would be more inclined to think that this is just a temporary rise or simply a hot streak for some altcoins.

hugeblack

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Usually, the collective height of Altcoins is compared to the Bitcoin Index, not compared to USD, and therefore most coins still perform a negative performance except for XRP and some pumping and dumping coins that do not usually follow the price of bitcoin.

Segmadis

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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.

Gozie51

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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.

Quote from: pooya87 on December 03, 2024, 12:09:59 AM

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.

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.

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Quote from: pooya87 on December 03, 2024, 12:09:59 AM

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.

What I have observed recently about Bitcoin and alt coin is that, most alt coin don't usually rise when Bitcoin is rising, they usually wait for Bitcoin to rise significantly and retrace just as what it's doing now, and after that, that is when the alt coin with good potential start rising.
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.

jcojci

full member

Activity: 784

Merit: 115

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.

pooya87

legendary

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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.

Apocollapse

hero member

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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/

Topic: Altcoin season? (Read 419 times)