What drives alt season?

[shoreno]

also on twitter too ? woah i didnt thought that alt season topic will be that popular that it will go beyond this forum but is that could be a sign that altcoin season are really coming ? because why will people talk about it so much in the first place ? its like they are fomoing it .

 they give early signs or warnings for people to enter before it begins . it is more easier to predict if an alt will pump more not than predicting if when will the alt season come but to answer if what drives alt season i wont say its btc but its the demand done by the masses .

[LostConfidence243]

Actually, there don't have any specific session for pumping the atlas coins. This market is totally unpredictable at all.So, If I clear more about the marker and blockchain technology, then It would be better  to say this forex trading based is on patience and intellectuality because a coin when will be pumped and how long later don't have any ideas about this matter, but there have statistics. So that we can make a prediction just.

[Adya]

nothing special drives it i think. it always was bitcoins pump and growth of currencies from top-100 (according coinmarketcap) befor alt season. first bitcoin with ethereum, than altcoins.

[bitcon]

Money and ignorance are starting to drive bitcoin's bull run, leading to the rise of altcoins.

And see what happens when bitcoin plummets?

They will be leaving the altcoins and back again to the bitcoin. this is also happening a few years ago but the situation is a bit different compared a few years ago coz this time the institutional investors have been making it different.

We can say that now we are seeing a light version of the altseason. It seems to me that coins with a not very high market capitalization will show a special growth. Dogecoin after recent events has already moved into the category of large coins and even entered the top 10. Let's see who's next in line.

[Greatdev]

Altcoin season is real, it always happens when bitcoin reach a new max level in value and btc dominance start going down, right now altcoins are not really in bullish mode because bitcoin dominance is still very high, whales also have a part to play in altcoin seasons, when they get enough roi from Bitcoin at ATH they will move funds out of btc and into altcoins

[Jordi129]

Altcoin season is just a hope of repeating the past glory. That altcoin season was driven by blockchain and ICO hype as well as the growth of Bitcoin. Basically, investor thought that since Bitcoin is growing. Altcoin season means that alts grow faster than BTC during a bull run . because there is no way to explain why both Bitcoin and altcoins would be growing at the same time. And lastly, the usual scenario where Bitcoin would stop and altcoins will take over might not happen, because it is very clear that more attention is still on Bitcoin.

[Viscore]

I've been seeing lots of posts here and on twitter about altcoin season.  But other than a backward-looking phrase (that's not useful for forward trades), what is alt season?  Are there times when alts pump and, crucically, we can predict alts will pump even more?  Or is it purely "hindsight is 20/20" way of looking coin prices?

You should not listen to them, they just fooled you honestly. Because we don't have the alt season yet, only a few altcoins did the pump while the many are still resting. If you are now planning to invest in altcoins, have to start it now before the train goes off.

If you are talking about the tweet of Elon Musk, it was just Dogecoin make a hype, not all altcoins. So now, before the other will do the hypes, make it to start or you missed something later. This will be risky advice and it's up to you, anyway.

[trauchot]

Most likely the media, since recently there has been a lot of various news that have been related to bitcoin and other cryptocurrencies, and most of these news has been very positive towards cryptocurrencies, and therefore when people see some incredible news that are directly related to cryptocurrencies, then they immediately start investing in cryptocurrencies and of course this also applies to big players and therefore altcoins immediately begin to rise in value.

[Altcoinsintel]

Whales drive the alt season. They sold part of their BTC to pump the altcoins. Once they meet targets the alt season will be over and what we hold will be writting off losses.

We see Grayscale having added many more altcoins in Trusts, yet the interest in them is not even close to Bitcoin. So, it is not institutions buying Litecoin, Stellar, Bitcoin Cash, ETC, and the rest.

[el kaka22]

Altcoin season is just a hope of repeating the past glory. That altcoin season was driven by blockchain and ICO hype as well as the growth of Bitcoin. Basically, investor thought that since Bitcoin is growing. Altcoin season means that alts grow faster than BTC during a bull run . because there is no way to explain why both Bitcoin and altcoins would be growing at the same time. And lastly, the usual scenario where Bitcoin would stop and altcoins will take over might not happen, because it is very clear that more attention is still on Bitcoin.

I think this time around it was more about defi, because there are so so so many defi projects and weirdly enough this time around it is not just a project that people invest and hope the price goes up neither, it is a project that "people have the ownership" and that is the deal here, and it doesn't end with the funding process. Back in 2017 period when ICO was a big deal, most people just bought those coins, funded them, got it for cheap and waited for the price to go up and then sold their coins and made a profit and that was the whole reason ICO existed, so that investors would make money.

Nowadays defi is much bigger, it is something that keeps on living, for example uniswap? That is still having a ton of people trading there, even after publishing and being released it is still used so much whereas most ICO coins were done in a year (most). So that is why people assume this could be different.