Altcoin Season May Already Be Here
For those thinking bitcoin is just starting it's rally let me remind you that just a year and a few months ago bitcoin was trading at $16,000. The increase to the $97,000 we have already seen is a massive gain and we can see it's stalled out a number of times to try and hit that 100k. However what we are seeing now is increasing demand into altcoins already. We just saw a recent pump in them across the board just a few days ago as bitcoin continues to bounce in this $94,000 - $98,000 price range.
This bouncing pattern is often what happens during a alt coin cycle as bitcoin profits start to dry up people search for those next 100% gains as bitcoin loses the hype factor when it only increases 5% lol yeah it's a wild mentality but it is one that for sure drives the markets.
What altcoins do you think will be promising this time around?