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Crypto: The Altcoin Season May Be About to Start!

Fri 28 Jun 2024 ▪ 3 min of reading ▪ by Fenelon L.
Getting informed Altcoins

The altcoin season, a highly anticipated period for crypto investors, is said to be imminent according to a recognized market expert. Despite the recent drop in altcoin capitalization, signs of a reversal are multiplying.

Bull run crypto

The Inevitable Crypto Market Cycle

The famous trader Mister Crypto remains optimistic despite the current volatility. According to him, the market dynamics follow a well-established pattern. 

Everything starts with a focus on Bitcoin, followed by a growing interest in Ethereum. This progression then paves the way for a true rush towards altcoins.

The first stage sees capital flowing into Bitcoin, resulting in a significant rise in its price“, explains Mister Crypto. “Then the attention turns to Ethereum, which outperforms Bitcoin.

This movement triggers a domino effect, first propelling high-capacity altcoins before spreading to the entire market. Historically, this cycle has repeated several times. 

During the last altcoin season in 2021, some cryptos saw their value multiply by 100, even 1000, logically attracting investor interest.

The Early Signs of a New Bullish Cycle

Despite the recent 17% drop in altcoin capitalization, the indicators point to an imminent rebound.

 “We are on the brink of a new phase of euphoria“, predicts Mister Crypto. “The fundamentals have never been stronger and adoption is accelerating.

Indeed, the crypto ecosystem has matured considerably 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 framework for the entire market.

The influx of capital should first benefit the most established projects before spreading to smaller cryptos. “It is during this final phase that the most spectacular gains can be realized“, notes the expert.

The altcoin season looks promising for savvy investors. Although volatility remains inherent in the crypto market, growth opportunities seem considerable.

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Fenelon L. avatar
Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.