The Year Of Alt Season: Altcoins Dominate Market In 2021
Bitcoin has had a favorable year in 2021 but the altcoins have dominated the market. The advent of the alt seasons this year had seen multiple altcoins rally towards new highs even when market-mover bitcoin had remained stagnant at times. This move, coupled with the growth and adoption that rocked the crypto space this year, has proven that the altcoins dominated the market on a large scale. Altcoins Rule 2021 So many new things came out of the altcoin industry this year and have found success at the same time. Basically, the year 2021 has been one long alt season when we look at the....
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The latest market conditions have pushed hopes of an altcoin season even further out of reach. Bitcoin continues to dominate the market with a 59.6% share, and its recent struggle to hold bullish momentum has not translated into any meaningful boost for altcoins. Related Reading: Italy’s Market Watchdog Gives Crypto Firms A Clear Order: Act Or Exit Broader sentiment has weakened as well, with the CMC Altcoin Season Index registering just 20, which still places the entire market in a Bitcoin-favored phase. Meanwhile, a critical indication has been detected from on-chain data that suggests....
In 2020, holding the top 100 altcoins equally was a more lucrative investment than Bitcoin up until Dec. 18, according to eToro. Investors who knew when to swap Bitcoin (BTC) and altcoins could have boosted their gains significantly in 2020, according to new research from eToro, the popular social trading platform. The challenge, of course, is pinpointing when the coveted alt season begins. In its latest quarterly report, eToro breaks down various cryptocurrency investment themes related to the 2020 bull market. It also devotes an entire section to alt season – the part of the....
As expectations of an altcoin season mount, a new technical analysis of the Bitcoin Dominance (BTC.D) draws striking parallels between the 2021 and 2025 market cycles, aiming to determine whether altcoins are on the brink of another bull run. Historically, Bitcoin Dominance has been a key indicator in predicting the likelihood of an altcoin, as a decline in BTC.D often signals a shift in investors’ focus on alternative cryptocurrencies. Historical Bitcoin Dominance Signal Possible Altcoin Season Crypto analyst Luca on X (formerly Twitter) is questioning whether history is repeating....
Quick Facts: 1️⃣ Bitcoin and Ethereum look poised to push the market into altcoin season, with CMC Altcoin Season Index at 29 out of 100. 2️⃣ Either Ethereum or Bitcoin will lead the rebound into altcoin season. 3️⃣ Infrastructure plays ($HYPER) and a trading bot ($SNORT) headline the best altcoins to buy. So is it […]
After reaching its biggest market capitalization dominance since November 2021 last week, Bitcoin is regaining market share from altcoins. The pioneer momentarily accounted for almost 42% of the global crypto market cap in late January, according to CoinMarketCap data. Bitcoin Dominate Alt coins Since its inception, Bitcoin has been the most popular cryptocurrency. Its domination was unequaled for a long time, as the digital coin’s performance influenced the market’s outcome, bringing altcoins along for the ride in either win or loss scenarios. The influx of new altcoins into....