Crypto Altcoin season | 1. What are altcoins in crypto ? | 2. What is altcoin season in cryptocurrency ? |
TABLE OF CONTENT 1. What are altcoins in crypto ? 2. What is altcoin season in cryptocurrency ? 3. What causes alt season? A long-term (multi-year) chart showing that BTC dominance has been rising steadily since mid-2022 and is currently near 64.36%, which is a high point. What this means for Altcoin Season: Altcoin Season usually happens when BTC Dominance falls sharply. But right now, BTC Dominance is high and rising, meaning Bitcoin is stronger than altcoins at the moment. Altcoin season has not started yet. In fact, we are still in a Bitcoin-dominant phase. For a true altcoin season to start, would want to see BTC dominance start dropping sharply, meaning people are moving money from Bitcoin into altcoins. 1. What are altcoins in crypto ? Altcoins are any cryptocurrencies other than Bitcoin. The term "altcoin" is short for "alternative coin" and refers to a wide variety of digital currencies that aim to improve upon or offer alternatives to Bitcoin’s origin...