Altcoins
Altcoin season may be upon us!
17:00 ▪ 3 minute read ▪ by Fenelon L.
According to a recognized market expert, the altcoin season, a highly anticipated period for cryptocurrency investors, is imminent. Despite the recent decline in the capitalization of altcoins, signs of a trend reversal are multiplying.
The Inevitable Cryptocurrency Market Cycle
Famous trader Mister Crypto remains optimistic despite current volatilityAccording to him, market dynamics follow a well-defined pattern.
It all starts with a focus on Bitcoin, followed by a growing interest in Ethereum. This progression then paves the way for a real rush towards altcoins.
“The first phase involves the influx of capital into Bitcoin, resulting in a significant increase in its price,” Mister Crypto explains. “Then the focus shifts to Ethereum, which surpasses Bitcoin.”
This movement triggers a domino effect, first pushing high-capacity altcoins before spreading to the entire market. Historically, this cycle has repeated itself several times.
During the latest altcoin season in 2021, some cryptocurrencies saw their value multiply by 100, even 1000, logically attracting investor interest.
First signs of a new bull cycle
Despite the recent 17% drop in altcoin capitalization, the indicators they foretell an imminent recovery.
“We are on the verge of a new phase of euphoria,” predicts Mister Crypto. “The fundamentals have never been stronger and adoption is accelerating.”
Indeed, the cryptocurrency ecosystem has matured significantly in recent years. Many projects have developed concrete use cases, attracting the attention of institutional investors. Furthermore, regulation is progressing, providing a clearer and more reassuring picture for the entire market.
The influx of capital should first favor the most established projects before spreading to smaller cryptocurrencies. “It is during this final phase that the most spectacular gains can be made,” the expert notes.
Altcoin season looks promising for savvy investors. While volatility remains inherent to the cryptocurrency market, growth opportunities seem considerable.
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Fenelon L.
Passionate about Bitcoin, I want to explore the meanings of blockchain and cryptocurrencies and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for everyone, and I firmly believe that Bitcoin is the tool that can make it possible.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be relied upon as investment advice. Do your research before making any investment decisions.