Post
Topic
Board Altcoin Discussion
Re: What causes altcoin season?
by
wheelz1200
on 24/02/2024, 22:58:55 UTC
It is a general believe in the cryptocurrency community that Bitcoin bull season is usually followed by altcoins season. I don't know the logic behind it hence the reason for this post. The present bull run seems to be dominated by Bitcoin and its already taking too long without corresponding rise in price among the notable altcoins.

So, should we also expect altcoin season following the current bull run? If yes, what are the best altcoins to focus on?

Alt season follows a bitcoin run.  People take their profits from a bitcoin bull and throw it into alts which gets them going.  Alts don't take much to rise (or fall) because of the relatively low volume compared to bitcoin.  In terms of what to follow, no one knows.  Every new market a new set of coins takes off ypu just need to watch early on to see what runs.  Just make sure ypu have a bail out plan don't ride the wave all the way down which happens more than not with alts.