tldr; During an Altcoin Season, altcoins gain prominence in the cryptocurrency market, often surpassing Bitcoin in market capitalization and price growth. For instance, in May 2021, the top 100 altcoins’ market cap reached 130% of Bitcoin’s, and large-cap altcoins saw 174% returns compared to Bitcoin’s 2% from February to May 2021. This period is characterized by rapid price appreciation, increased trade volume, and a bullish market sentiment driven by FOMO (Fear of Missing Out), as investors seek substantial returns from altcoins.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
what does the degen index say?
AgitatedDragonfly769 on
So when does altseason arrive
Simple_Jach on
What altseason?
Jayrovers86 on
But again, too much utter shit in the Altcoin space, liquidity spread too thin. Get your 0.5x and get out
GreedVault on
If the season is already here, its really a great disappointment.
Attygalle on
If the fed cuts the rates and no other big events happen, we might see a nice upswing this fall. But it’s a big if for both things.
pointy-boi on
Everyday we invent new, unnecessary and increasingly whimsical indexes
Calm_Voice_9791 on
Strong hands will win. Weak hands will watch.
No-Delivery-7048 on
Cant wait for it to start. My bags are packed with $HEGE
cosmicnag on
Bagholders will baghold
macIovin on
is this season here with us right now?
1776_Crypto on
Is the alt season in the room with us?
Embarrassed-Eye-2171 on
Just buy btc
jwz9904 on
My alts are still 90% down
partymsl on
I really don’t think that means anything, its only a couple of altcoins pumping.
16 Comments
tldr; During an Altcoin Season, altcoins gain prominence in the cryptocurrency market, often surpassing Bitcoin in market capitalization and price growth. For instance, in May 2021, the top 100 altcoins’ market cap reached 130% of Bitcoin’s, and large-cap altcoins saw 174% returns compared to Bitcoin’s 2% from February to May 2021. This period is characterized by rapid price appreciation, increased trade volume, and a bullish market sentiment driven by FOMO (Fear of Missing Out), as investors seek substantial returns from altcoins.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
what does the degen index say?
So when does altseason arrive
What altseason?
But again, too much utter shit in the Altcoin space, liquidity spread too thin. Get your 0.5x and get out
If the season is already here, its really a great disappointment.
If the fed cuts the rates and no other big events happen, we might see a nice upswing this fall. But it’s a big if for both things.
Everyday we invent new, unnecessary and increasingly whimsical indexes
Strong hands will win. Weak hands will watch.
Cant wait for it to start. My bags are packed with $HEGE
Bagholders will baghold
is this season here with us right now?
Is the alt season in the room with us?
Just buy btc
My alts are still 90% down
I really don’t think that means anything, its only a couple of altcoins pumping.