Post
Topic
Board Altcoin Discussion
Re: When do we think alt season will be?
by
Mpamaegbu
on 22/08/2024, 20:35:48 UTC
I am hoping we only have a few more months to wait now as my patience is being tested, how is everyone else feeling?
You've to exercise more patience and learn how to take your eyes off charts. Otherwise, you could become unnecessarily worried thinking of price everytime. For alts to bull, it's not time bound. It can occur at anytime and no one can time it. To get a better perspective on when alts are likely to get into its bull moment, I use Bitcoin dominance to navigate it. My eyes are on that Bitcoin data to see when its dominance drops to below 48% of the total market capitalization. At the moment, that dominance is above 53%. There's no way alts can get more attention now as investors are still interested in bagging Bitcoin.