Preparation For An Altseason

in #cryptocurrency5 years ago

If you're new in crypto world you may have not heard about the AltSeason. It's a time when the cryptocurrencies market excluding Bitcoin changes into very high quality and these results in an exponential increase for those cryptocurrencies, known as Altcoins

Altseason is just like Black Friday is for merchants: a length of time when traders can make the most of their earnings over the year.

If you want to identify an altseason, you just need to have at the btc dominance It corresponds to the share of bitcoin percentage held in the crypto market. Altseason takes place in the progression of a significant decrease in BTC dominance. Hence, if some crypto analysts examine the crypto market right now, it corresponds precisely with the start of altseason.

I'd recommend you to read this blog from kucoin for further details regarding this topic https://kucoinblog.com/what-is-altseason-and-bitcoin-dominance-stm

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