Altcoin season. When to expect a bullish trend?
"Altcoin season" is a period in the cryptocurrency market when altcoins (alternative cryptocurrencies to Bitcoin) show significant growth and outperform BTC in terms of returns. During this time, investors move their funds from Bitcoin to altcoins, resulting in a significant increase in their value.
The altcoin season is characterized by high volatility and active market growth. During this period, many altcoins can show a multiple increase in their value, attracting both experienced traders and beginners seeking quick profits.
Almost all analysts agree that the altcoin season will come in 2024. The period of altcoin accumulation began at the end of 2022 and continued until the end of 2023, when the total capitalization of this segment remained in a sideways channel. Already at the beginning of 2024, there was the overcoming of the sideways channel and the retesting of its upper boundary. According to analysts' forecasts, the total capitalization of altcoins in this cycle (approximately in the fourth quarter of 2025) may reach $4 trillion.
Experts recommend investors to pay attention to coins of promising projects related to developments in the field of artificial intelligence, meta-universes, tokens of second-level solutions (L2), as well as coins with a built-in deflationary mechanism.
The arguments of the altseason. The beginning of a bullish trend?
Predicting the beginning of a bullish trend for altcoins can be challenging, but there are several signals and indicators that can help:
Bitcoin Dominance: One key indicator of the start of altseason is the decrease in Bitcoin's dominance in the market. If Bitcoin's share of the total cryptocurrency market capitalization begins to decline, it could indicate that investors are moving their funds into altcoins.
Trading Volume Increase: A significant increase in altcoin trading volumes on exchanges is an important signal. This indicates growing interest and activity around these cryptocurrencies.
Fundamental News and Events: Positive news about the development of specific altcoins, their partnerships, technological updates, or regulatory changes can stimulate their value growth.
Chart Analysis and Technical Indicators: Technical indicators such as RSI, MACD, and moving averages can help identify trends and potential market reversals.
Market Sentiment: Keep an eye on overall market sentiment, including forums, social media, and analytical reports. Optimistic sentiment among traders can signal the onset of altseason.
Which Altcoins Have Shown Growth Over the Years?
Some altcoins have demonstrated steady growth over the years due to their unique technologies, strong teams, and community support. Here are a few examples:
Ethereum (ETH): The second-largest cryptocurrency after Bitcoin, Ethereum provides a platform for creating decentralized applications (dApps) and smart contracts. Continuous network updates and the transition to Ethereum 2.0 continue to support ETH's growth.
Cardano (ADA): Known for its academic foundation and scientific approach to development, Cardano actively evolves and has a strong community, contributing to its sustainable growth.
Binance Coin (BNB): BNB is a token issued by the world's largest cryptocurrency exchange, Binance. Its use within the Binance ecosystem and regular token burns support its steady growth.
Chainlink (LINK): Chainlink offers decentralized oracles that enable smart contracts to securely interact with external data. Its popularity and use contribute to its consistent growth.
Polkadot (DOT): Polkadot provides an innovative architecture for the interaction of various blockchains. Its cross-chain capabilities and scalability make it popular among developers.
How to Exchange Popular Altcoins on Quickex.io
Quickex.io is an online cryptocurrency exchange that offers a convenient and secure way to exchange altcoins. Here's how you can use this service:
Choose Currencies: On the Quickex.io homepage, select the cryptocurrencies you want to exchange. For example, you might want to buy BTC while selling ETH.
Enter Amount: Enter the amount of altcoins you want to exchange. The service will automatically calculate how much you will receive in return, considering the current exchange rate.
Recipient Address: Enter the address of the cryptocurrency wallet where you want to receive the exchanged funds.
Confirmation and Payment: Review the entered details and confirm the transaction. You will then be provided with an address to send the altcoins. Send the specified amount of cryptocurrencies to this address.
Transaction Completion: After sending, the transaction will be processed, and you will receive your exchanged funds in the specified wallet shortly.
Quickex.io offers low fees, fast transactions, and a wide selection of supported cryptocurrencies, making it an excellent choice for exchanging altcoins.
Conclusion
Altseason is an exciting period in the cryptocurrency market when altcoins show significant growth. Predicting the start of a bullish trend for altcoins requires careful analysis of various factors, such as Bitcoin dominance, trading volumes, and fundamental news. Some altcoins, like Ethereum, Cardano, and Binance Coin, have shown stable growth over the years due to their unique technologies and community support. For those looking to take advantage of altseason, exchanging popular altcoins on Quickex.io can be a convenient and profitable solution.
FAQ
What is altseason?
Altseason is a period when altcoins show significant growth and outperform Bitcoin in terms of returns.
How to predict the start of altseason?
Watch for Bitcoin dominance, altcoin trading volumes, fundamental news, chart analysis, and market sentiment.
Which altcoins are stable?
Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), Chainlink (LINK), and Polkadot (DOT) show stable growth due to unique technologies and community support.
How to exchange altcoins on Quickex.io?
Select currencies, enter the amount, provide the recipient address, confirm the transaction, and send altcoins to the provided address. Quickex.io's support team is available 24/7 to resolve any exchange issues.
