After reading few posts on this forum today I became confused because and I decide to let it out to get answers in return, is it possible for altcoins to grow (altcoin season) without Bitcoin? I'm not talking about pumps like if a coin get burned off it's max supply or if listed on binance and other top exchanges, I'm talking about every altcoins surging on their own without Bitcoin taking the first step...
Share your thoughts, I would love to hear you out
Yes it's possible, there is a reason why it is called altcoin season and that is, it is the time when altcoins surge in price. During this season, it means people are now buying more of altcoins than Bitcoin hence the reason for its price surge, in the same way, altcoins can surge together with Bitcoin. Also, it is important to know that, at this level or growth of this space, when altcoin season sets in, it will be for selected altcoins; that is, altcoins which are worth it, altcoins which already have working products and so on. So while clamouring for altcoin season, ensure to hold good coins.
There are really chances that altcoins will grow on their own but most of the time, bitcoin grow first before altcoins. We need bitcoin halving first for bitcoin to pump and it will be followed by altcoins to pump. And having said that, not all altcoins will surely gow this time but only those potential altcoins that have high chances to grow their value and left are those dead coins that will never pump anymore.