crypto upvotes logo
  • Marketing Services
    • Trending Services
    • Individual Marketing Plan
    • Twitter Promotion
    • Instagram Promotion
    • Shilling Services
    • Votes for Polls & Watchlists
    • Reddit Promotion
    • Press Releases & Articles
    • Banner Advertising
    • Influencers Advertising
    • CMC & Coingecko, DexTools Trending
    • Listing Services
    • Billboards
  • IT & Design Services
    • Create and Launch a Crypto Token – Full Step-by-Step Course
    • Launch Crypto Website Fast — Go Live in Just 60 Minutes
    • Custom Community Graphics: Banners, Emojis & Stickers
    • NFT development
    • Smart contract development
    • Blockchain Application Development
    • Implementing blockchain solutions
    • Telegram bot development
    • Blockchain Solutions Consulting
  • Crypto News
  • About Us
  • How To Order
crypto upvotes logo
  • Marketing Services
    • Trending Services
    • Individual Marketing Plan
    • Twitter Promotion
    • Instagram Promotion
    • Shilling Services
    • Votes for Polls & Watchlists
    • Reddit Promotion
    • Press Releases & Articles
    • Banner Advertising
    • Influencers Advertising
    • CMC & Coingecko, DexTools Trending
    • Listing Services
    • Billboards
  • IT & Design Services
    • Create and Launch a Crypto Token – Full Step-by-Step Course
    • Launch Crypto Website Fast — Go Live in Just 60 Minutes
    • Custom Community Graphics: Banners, Emojis & Stickers
    • NFT development
    • Smart contract development
    • Blockchain Application Development
    • Implementing blockchain solutions
    • Telegram bot development
    • Blockchain Solutions Consulting
  • Crypto News
  • About Us
  • How To Order
  • Marketing Services
    • Trending Services
    • Individual Marketing Plan
    • Twitter Promotion
    • Instagram Promotion
    • Shilling Services
    • Votes for Polls & Watchlists
    • Reddit Promotion
    • Press Releases & Articles
    • Banner Advertising
    • Influencers Advertising
    • CMC & Coingecko, DexTools Trending
    • Listing Services
    • Billboards
  • IT & Design Services
    • Create and Launch a Crypto Token – Full Step-by-Step Course
    • Launch Crypto Website Fast — Go Live in Just 60 Minutes
    • Custom Community Graphics: Banners, Emojis & Stickers
    • NFT development
    • Smart contract development
    • Blockchain Application Development
    • Implementing blockchain solutions
    • Telegram bot development
    • Blockchain Solutions Consulting
  • Crypto News
  • About Us
  • How To Order
crypto upvotes logo

No products in the cart.

  • Marketing Services
    • Trending Services
    • Individual Marketing Plan
    • Twitter Promotion
    • Instagram Promotion
    • Shilling Services
    • Votes for Polls & Watchlists
    • Reddit Promotion
    • Press Releases & Articles
    • Banner Advertising
    • Influencers Advertising
    • CMC & Coingecko, DexTools Trending
    • Listing Services
    • Billboards
  • IT & Design Services
    • Create and Launch a Crypto Token – Full Step-by-Step Course
    • Launch Crypto Website Fast — Go Live in Just 60 Minutes
    • Custom Community Graphics: Banners, Emojis & Stickers
    • NFT development
    • Smart contract development
    • Blockchain Application Development
    • Implementing blockchain solutions
    • Telegram bot development
    • Blockchain Solutions Consulting
  • Crypto News
  • About Us
  • How To Order
Altcoin NewsFeatured

Altseason when it starts

Crypto-Upvotes Team 0 Comments

Our experts told us why it is too early to talk about the start of general growth of altcoins (Altseason) other than Bitcoin and Ethereum. And what market conditions are needed for this.

The former head of BitMEX crypto exchange Arthur Hayes, known for his analytical forecasts on the cryptocurrency markets, announced the onset of the next Altseason. At the same time, he pointed to the sharp growth of Ethereum as the basis of his assumption.

Altcoin season (Altseason)  is a slang term for cryptocurrency traders that refers to a period of active one-time growth of alternative cryptocurrencies. Altcoin season is thought to take place in four phases: the rise of Bitcoin, the rise of Ethereum, the rise of large-capitalized cryptocurrencies, and the massive growth of the rest of the crypto market. This includes low-liquid assets with no fundamental value. Which is accompanied by a massive rush by retail traders.

Our experts told us why it’s too early to talk about an altcoin season and what market conditions are needed for it to start.

Altseason hasn’t started yet

Despite numerous claims that an “Altseason” has started in the digital asset market, our experts cannot agree.

Since the start of this year, Bitcoin’s (BTC) dominance has seriously increased. And at the moment, it shows no signs of decreasing. In general, Bitcoin has shown one of the most consistent dynamics in the cryptocurrency market since January. While the standard model of market behavior in the period of altcoin growth is the presence of BTC rate in a medium-term “sideways”. And without a strong rise or fall, and currently the medium-term uptrend on BTC is too confident for “Altseason”.

As for altcoins themselves, we can notice that there is no active capitalization growth there. Individual low-capitalized assets are “growing.” But this is not an indicator of the altcoin season, it only speaks to the local interest of participants in these assets.

The TOTAL2 index, which measures the growth of the total market capitalization of all altcoins (not including Bitcoin), is very slightly ahead of the total market capitalization index (TOTAL). This indicator shows that there is no multiple growth in demand for altcoins.

An important factor of Altseason is also the growth of the volume and number of transactions in the networks. As well as the growth of developer activity and audience activity. Again, we see growth of these indicators in individual assets. For example, in Ethereum, which had a successful fork allowing to take tokens from stacking. But overall, we are not seeing multiples of growth in investor and developer activity right now. After strong growth in January and February, the market is now looking for some balance. Which again does not signal that we have started an altcoin season.

When to expect growth

Our experts think that such a season is quite possible this year. But not before the second half of the year. The cryptocurrency market is still gathering energy for growth. And although we passed the bottom at the end of last year, the market has not yet reversed upwards: it takes time.

The growth season for cryptocurrencies, including altcoins, will start with the stabilization of stock markets. For that, there needs to be no geopolitical shocks. And also there were no problems such as still ongoing problems with banks in the U.S. and Europe. And also there were no predictions of an imminent global recession, and there are more and more of them.

Altcoin News altcoins Altseason crypto marketing agency crypto news Cryptocurrency Cryptocurrency News
AboutCrypto-Upvotes Team
Our company is engaged in complex promotion of crypto projects. We monitor latest news in crypto-industry and write about them especially for you!
In Socials:
DeFi is the future of cryptocurrency, what are benefits of decentralized financePrevDeFi is the future of cryptocurrency, what are benefits of decentralized finance18.04.2023
The collapse of FTX was the catalyst for a new bullish cycle of cryptocurrencies19.04.2023The collapse of FTX was the catalyst for a new bullish cycle of cryptocurrenciesNext

Related Posts

Blockchain NewsFeatured

NFT collection “Game of Thrones” sold for more than $500K

NFT collection from Warner Bros. Discover was sold on the first day of trading for...

Crypto-Upvotes Team 13.01.2023
Ethereum NewsFeatured

How zkSync project makes Ethereum faster and when it will release its token

Our Crypto Upvotes experts tell us how Ethereum zkSync scaling project with $458...

Crypto-Upvotes Team 07.06.2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

News Topics
  • AI 3
  • Altcoin News 14
  • Bitcoin News 105
  • Blockchain News 195
  • Crypto Marketing News 3
  • DeFi News 9
  • Ethereum News 20
  • Featured 366
  • ICO News 2
  • Meme 3
  • NFT News 22
  • Solana News 4
Recent News
  • The largest cryptocurrencies are growing in price more than BTC
    The largest cryptocurrencies are growing in price more than BTC
    The percentage price change in some major...
  • How to search for promising Airdrop yourself
    How to search for promising Airdrop yourself
    The crypto market is full of platforms that...
  • Telegram has started its expansion what this means for Ton
    Telegram has started its expansion what this means for Ton
    The growth of TON price coincided with the...
Tags
Binance Binance news Bitcoin Bitcoin mining Bitcoin News Bitcoin price Bitcoin UP Blockchain News BNB BTC BTC ETF BTC News BTC price falls BTC price forecast BTC price prediction BTC UP crypto Crypto advice cryptocurrencies Cryptocurrency Cryptocurrency News Cryptocurrency trading Crypto exchanges Crypto Market cryptomarketing crypto marketing agency crypto news Crypto trader ETH Ethereum Ethereum News ETH News ETH NFT ETH update FTX marketing marketing NFT New NFT collection NFT NFT-collection NFT news NFT Promotion NFTs News SEC Solana

crypto upvotes logo

About Us
Crypto News
How To Order
Privacy Policy
Our Services
Individual Marketing Plan
Twitter promotion
Instagram promotion
Shilling services
Votes for polls & watchlists
Reddit promotion
Press releases & articles
Banner ads
Influencers ads
CMC, CG & Dex trending
Listing services
Billboards
Contact Us
@amstersmm
Find us on Social Media
Privacy Policy

Copyright © 2024 Crypto Upvotes. All Rights Reserved.

Contact Us