Altcoin Season is a stage in the cryptocurrency market where altcoin values rise significantly and cryptocurrencies other than Bitcoin receive attention. This phenomenon includes the following aspects:
Altcoins surge: Altcoin prices surge, often outperforming Bitcoin returns.
Market Cycle Phase: This is part of the overall cycle of the cryptocurrency market, where investors move to other cryptocurrencies.
Investor interest in alternative cryptocurrencies increases: During altcoin season, investor interest in other alternative cryptocurrencies increases. The reasons may be technological advancements, new project launches or diversification of market trends.
Rapid changes: Price fluctuations during altcoin season are rapid and short-lived, stimulating and potentially risky for traders and investors.
Altcoin season typically begins with Bitcoin's dominance in the cryptocurrency market - Bitcoin Dominance (BTC.D) declining. This means that Bitcoin’s share of the total market capitalization is decreasing, indicating a shift in investor focus from Bitcoin to altcoins. Observing changes in digital currency prices, especially the collective rise in value of small or unknown altcoins, changes in market dominance and increased trading volume, are all signs of altcoin season, which is part of the crypto market cycle. However, these are not precise indicators, and altcoin seasons are often recognized with the benefit of hindsight, alerting investors to the uncertainty and volatility of the market.
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