Crypto investors are eagerly waiting for short Altcoins season
Bitcoin’s price is consolidating below $10,000, and many eagerly await the next big move. The last few months have been relatively calm in the cryptocurrency market, with most digital assets seeing sideways trading action. This has led to many investors wondering when the next “altcoin season” will occur, for those who don’t know. Altcoin season is when smaller digital assets start to outperform Bitcoin. This usually happens after a period of BTC consolidation. It often leads to a surge in the overall crypto market cap. If you are wondering about trading bitcoins, click here.
About Short Altcoin Season
It is one of the most eagerly anticipated events in the crypto community. This is because, during this time, prices of altcoins tend to go up significantly.
This year, the short Altcoin season is expected to start in mid-April and last until mid-May. Based on historical data, this is the expected time frame for previous seasons.
Knowing the altcoins expected to perform well during this time is essential. Some of the top picks for this season include Ethereum, Litecoin, and Monero.
Investors should also be prepared for some volatility during this period. Altcoin prices can fluctuate quite a bit during this time frame. However, overall, the trend has been positive during previous seasons.
A Short Altcoin Season Incoming?
Cryptocurrency investors are eagerly awaiting the next “altcoin season,” when prices of small coins relative to bitcoin tend to surge.
The last altcoin season was in early 2018 when the total market capitalization of all cryptocurrencies peaked at over $830 billion. Since then, the market has been in a prolonged bear market, with the total crypto market cap currently falling to around $130 billion.
However, there are signs that the next altcoin season may be just around the corner. Bitcoin’s dominance of the total crypto market has been declining steadily throughout 2019, from around 70% at the start of the year to below 60%. This indicates that money is flowing into altcoins.
In addition, several small coins have already started to surge in price this year. Ethereum Classic, for example, is up over 400% since January. This suggests that investor interest in altcoins is starting to pick up again.
With Bitcoin’s price also rising steadily throughout 2019, it seems likely that we will see a strong altcoin season in the months ahead. This massive influx of money into the cryptocurrency market could lead to exciting price movements!
What are the Long-Term Effects of a Short Altcoins Season?
As the crypto market matures, investors are becoming more savvy and sophisticated. They are increasingly looking for opportunities to invest in emerging markets with high growth potential. One such market is the short Altcoins season. A short Altcoins season is when the prices of Altcoins increase significantly. This usually happens after a significant event, such as a fork or an airdrop that creates new tokens. Investors who bought into the hype and invested early made much money. However, those who waited on the sidelines missed the opportunity to make huge profits.
The long-term effects of a short Altcoins season are both positive and negative. On the positive side, it provides an excellent opportunity for investors to make quick and easy profits. It also helps to validate the technology behind Altcoins and brings more attention to the sector. On the downside, it can lead to irrational exuberance and speculation. It can ultimately result in a crash. In conclusion, the long-term effects of a short Altcoins season are both positive and negative. However, overall, it is an excellent opportunity for investors to make quick profits while helping to validate the technology behind Altcoins.
Conclusion
They are hoping that the prices of Altcoins will rise sharply, giving them a good return on their investment. However, it is essential to remember that there is no guarantee that the prices of Altcoins will rise during the short Altcoins season. Investors should be prepared for the possibility that the prices may not move in their desired direction.
