altcoin's dominance !! Are you ready for explosive growth?!
As we can see in the chart, the dominance of Altcoins is increasing despite the volume of heavy purchases, and as we approach the Altcoins season, there is a sudden increase in some tokens. Also Fear of losing the growth of prices or FOMO causes the price to explode
Altcoin Season seems to be upon us - but what is it?
What Is 🌟Altcoin Season 🌟?
An altcoin season is one of the different cycles previously seen in cryptocurrency trading. Oftentimes, altcoin seasons will follow an exponential move in price from Bitcoin. As the price of Bitcoin stagnates or takes a bearish turn, funds will begin to flow from Bitcoin to Ethereum, then further down into the rest of the crypto market. and As we get closer to the Altcoins season, there is a sudden increase in some tokens. This is generally what’s referred to as an altcoin season.
As Bitcoin takes a breather, attention is turning to lesser-known cryptocurrencies. Much of the crypto market is still poised, ready to take advantage of a drop in Bitcoin dominance. The cryptocurrency market often revolves around the sentiment towards Bitcoin. However, Altcoin Season, or “Alt Season” as it is commonly referred to, is when investment into cryptocurrency flows more heavily into altcoins than into Bitcoin. Altcoins are often more volatile than Bitcoin, which can be great for the savvy-trader looking to make some tasty gains. However, this volatility can result in a one-way trip to Rekt City for the naive crypto investor. Although navigating the Altcoin Forest can be treacherous at times, it is also one of the most exciting places to be!
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Alt Season Cycles
The cyclical nature of cryptocurrency continues during Altcoin Season too. There are thousands of altcoins in the market, categorized according to various trends and use cases. One of the reasons why going full-time in crypto is so worthwhile, is the exposure to news updates, networking, and being able to keep up with the hottest trends. This kind of consistent stream of crypto exposure is critical to maximizing successful gains during an alt season. If you can keep on top of what kind of projects are about to take off, you can place yourself in an incredibly advantageous position.
below we have listed a selection of popular narratives within the altcoin scene. This list is not ordered, nor is it an exhaustive of altcoin categories, but includes some of the popular narratives discussed among the crypto community. When doing your own research (DYOR) on altcoins, be mindful of the project’s narrative and popularity.
❇️1-Oracles: Chainlink (LINK), Band Protocol (BAND), DOS (DOS), and API3 (API3) are all popular oracle projects.
❇️2-Launchpad Tokens :Some of the most popular launchpad tokens currently include Polkastarter (POLS), TrustSwap (SWAP), and Duck Dao Dime (DDIM).
❇️3-Exchange Tokens :The most popular exchange tokens at the moment are Binance (BNB), Uniswap (UNI), 1inch Exchange (1INCH), and Curve (CRV).According to DeFi Pulse, Synthetix (SNX), Hegic (HEGIC), and Nexus Mutual (NXM) are the top crypto derivatives tokens.
❇️4-Derivatives:ccording to DeFi Pulse, Synthetix (SNX), Hegic (HEGIC), and Nexus Mutual (NXM) are the top crypto derivatives tokens.
❇️5-Interoperability & Layer 2 Scaling Solutions :Polkadot, Matic, and Cosmos.
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altcoin Season Summary
Altcoin Season can be a very exciting time, but remember, it is impossible to be involved in all the altcoins - no matter how much you may want to be. Altcoin Season can bring about a lot of emotion; which is not ideal for an investor or trader. If you are trading altcoins, it would be foolish to not have an investment plan and exit strategy in place.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
Altcoin Season seems to be upon us - but what is it?
What Is 🌟Altcoin Season 🌟?
An altcoin season is one of the different cycles previously seen in cryptocurrency trading. Oftentimes, altcoin seasons will follow an exponential move in price from Bitcoin. As the price of Bitcoin stagnates or takes a bearish turn, funds will begin to flow from Bitcoin to Ethereum, then further down into the rest of the crypto market. and As we get closer to the Altcoins season, there is a sudden increase in some tokens. This is generally what’s referred to as an altcoin season.
As Bitcoin takes a breather, attention is turning to lesser-known cryptocurrencies. Much of the crypto market is still poised, ready to take advantage of a drop in Bitcoin dominance. The cryptocurrency market often revolves around the sentiment towards Bitcoin. However, Altcoin Season, or “Alt Season” as it is commonly referred to, is when investment into cryptocurrency flows more heavily into altcoins than into Bitcoin. Altcoins are often more volatile than Bitcoin, which can be great for the savvy-trader looking to make some tasty gains. However, this volatility can result in a one-way trip to Rekt City for the naive crypto investor. Although navigating the Altcoin Forest can be treacherous at times, it is also one of the most exciting places to be!
----------------------------------
Alt Season Cycles
The cyclical nature of cryptocurrency continues during Altcoin Season too. There are thousands of altcoins in the market, categorized according to various trends and use cases. One of the reasons why going full-time in crypto is so worthwhile, is the exposure to news updates, networking, and being able to keep up with the hottest trends. This kind of consistent stream of crypto exposure is critical to maximizing successful gains during an alt season. If you can keep on top of what kind of projects are about to take off, you can place yourself in an incredibly advantageous position.
below we have listed a selection of popular narratives within the altcoin scene. This list is not ordered, nor is it an exhaustive of altcoin categories, but includes some of the popular narratives discussed among the crypto community. When doing your own research (DYOR) on altcoins, be mindful of the project’s narrative and popularity.
❇️1-Oracles: Chainlink (LINK), Band Protocol (BAND), DOS (DOS), and API3 (API3) are all popular oracle projects.
❇️2-Launchpad Tokens :Some of the most popular launchpad tokens currently include Polkastarter (POLS), TrustSwap (SWAP), and Duck Dao Dime (DDIM).
❇️3-Exchange Tokens :The most popular exchange tokens at the moment are Binance (BNB), Uniswap (UNI), 1inch Exchange (1INCH), and Curve (CRV).According to DeFi Pulse, Synthetix (SNX), Hegic (HEGIC), and Nexus Mutual (NXM) are the top crypto derivatives tokens.
❇️4-Derivatives:ccording to DeFi Pulse, Synthetix (SNX), Hegic (HEGIC), and Nexus Mutual (NXM) are the top crypto derivatives tokens.
❇️5-Interoperability & Layer 2 Scaling Solutions :Polkadot, Matic, and Cosmos.
------------------------------------
altcoin Season Summary
Altcoin Season can be a very exciting time, but remember, it is impossible to be involved in all the altcoins - no matter how much you may want to be. Altcoin Season can bring about a lot of emotion; which is not ideal for an investor or trader. If you are trading altcoins, it would be foolish to not have an investment plan and exit strategy in place.
------------------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
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