Crypto: Altcoin season may be about to start!
The altcoin season, which is a moment that crypto investors have been waiting for for a very long time, is about to arrive, according to a well-known market expert. A turnaround is becoming more apparent, despite the fact that the capitalization of alternative cryptocurrencies has recently decreased.
Even in the face of the current volatility, the well-known trader Mister Crypto maintains his bullish outlook. The mechanics of the market, in his opinion, are following a pattern that has been around for quite some time.
The beginning of it all begins with a period of focus on Bitcoin, which is then followed by an increase in interest in Ethereum cryptocurrency. Consequently, this movement sets the door for a genuine rush towards other cryptocurrencies.
During the first stage, capital is poured into Bitcoin, which results in a large increase in the price of the cryptocurrency, as explained by Mister Crypto. After then, attention is shifted to Ethereum, which ultimately exceeded Bitcoin in terms of performance.
As a result of this movement, a domino effect is triggered, which initially serves to drive high-cap altcoins before spreading to the entire market. Throughout the course of history, this cycle has gone through multiple times.
In the year 2021, during the final altcoin season, the value of certain cryptocurrencies increased by a factor of one hundred or even one thousand, which logically stoked the appetite of investors.
However, despite the recent loss of 17% in the capitalization of alternative cryptocurrencies, evidence indicate to an imminent return.
The prediction made by Mister Crypto is that we are on the verge of entering a new phase of euphoria. Not only are the fundamentals stronger than they have ever been, but adoption is also picking up speed.
The cryptocurrency ecosystem has, without a doubt, developed quite a bit during the past several years. For a great number of projects, concrete use cases have been produced, which has attracted the interest of institutional investors. In addition, advances in regulation are being made, which provides a framework that is both more transparent and more reassuring for the entire market.
At first, the most well-established projects should be the ones to gain from the influx of funds, and then it should extend to the lesser cryptocurrencies. This final phase is where the most dramatic gains can be made, the expert emphasises, and it is during this time that the gains can be made.
When it comes to intelligent investors, the cryptocurrency season appears to be promising. Even while the cryptocurrency industry is still characterised by its natural volatility, the potential for expansion appear to be substantial.