Does Altcoin season started again?

[ZAINmalik75]

Yeh I think altseason is start at the moment. Because many alt pump 20 to 30% which is really good and I think its a best time to follow Technical Analysis. I observe iotx coins which is pump about 110% sushi pump about 20% & the other alts also pump little bit so stay tune more and big pump are upcoming

[Cameron1Love]

Its all by movement of BTC, if btc goes up many of alt coins also goes up and following on the wave on bitcoin. But the solid alt coins doesn't follow its moving by itself and pumping because of their development and progress for the long term run. Just my opinion thanks!

[kkaroul4]

It's a cycle, ups and downs that's what happen to the market right now I'm not quite sure where are we right now but I think we just left of at the top (ATH) of the altcoins especially with the Ethereum, let's now just wait a little bit so we would be able to know what strategy we can use to earn from the current market situation.

[DonFacundo]

Yes the market is unpredictable but seeing now this market seems the altcoin season is getting started because most of the altcoins increasing almost 50% so the market shows a good sign, I already gained profit with my altcoins now. I don't think if this is the right time for you to buy altcoins but if your goal is to hold for long term then I guess you can buy altcoins now.

[South Park]

Amazon,

Amazon is not part of these because it has been clarified clearly that they don't accept yet Bitcoin and the issue is false.

And about altcoin bullish seasons, I am not really sure, but in fact yes we can see many altcoins are pumping. However, the most are the NFT games altcoins and also Ethereum. While other altcoins, they are still not able to reach the previous rate before they fallen,

That was just a rumor and like most of the stuff that you can find social media it was completely false, however this means that the reason why the market of cryptocurrencies is going up has nothing to do with external factors and everything to do with internal factors, I really think that the reason this is happening is simply because the bears and the bulls were in a battle to see who was going to take control of this market and the bears simply did not had the money to keep pushing the price down eventually losing the battle to the bulls.

[vabchgent]

Despite the bad news about the infrastructure bill and all the uncertainty that is circulating for cryptocurrencies, the market holds incredibly strong and even makes gains. This alone is good news enough to cover the bad news that popped up in a lot of outlets and online media. Everyone expected a harder crash also with the hack of Polygon, which was massive, but no, coins are performing well.

Now the market knows how to react when a rumor surfaces regarding the government actions. Also, hacking of wallets happen every now and then, and what happened to Polygon was not unique. If they can't keep their coins secure, then it is their problem. Ideally such hacks should not have a major impact on the exchange rates of other coins. And there is one correction to your post. The victims were Poly Network, and they are different from Polygon (MATIC). Poly network is a Cross-Chain DeFi platform.

Thanks for the correction, noted!!

Anyway, yes sometimes it does have influence because there might be a huge backlash from stolen cryptocurrency. For example if they steal a billion dollar worth of Bitcoin, there is a good chance the might convert it to Monero and dump it. Or any other coin that is likely to be converted. I know it is not like the whole market should suffer, but it can definitely have an impact on other coins as well if hacks are of a certain magnitude.

[BobK71]

Revolutionary change in crypto will come soon. Which so far people could not even imagine. If Facebook, Google, Amazon and some other companies come, then Crypto's position will definitely be on top of all the trading platforms in the world. Currently the price of BTC is rising and the altcoins are starting to bull run.

[lenovop-70]

If Bitcoin price change around twenty percent or greater, followed by at least 90 days during which the price does not return to its level before the change, i assume the alts season has start.
That formula to predict alt season i found from someone write in the coindesk, and i think its work as my data said so.

[kak uli]

Hello there,

What do you think about the altcoin season in summer and autumn?

There are a lot of factors telling us that BTC will grow much higher according to the fresh news:

Amazon,
Google,
Facebook
Tesla.


And a lot of other positive news for crypto.

Nevertheless this market is so speculative and unpredictable!

maybe you could give me your piece of advice and share your opinion about a situation on the market?

I think for now it has begun to appear that some altcoins are providing the best prices on the market, including btt, aurora and many other altcoins that are starting to move to their best prices.

[Ever-young]

For me their is no particular season for altcoin or any digital currency, but I can say it's rise or fall or depends on the adoption of it.. with the way most government are going about minting money in other to meet up economy needs. The only way forward for most investors to protect the value of their fund is to invest in digital currency. Which have inturn increase the number of adoptation and when the number of adoptation increase on a currency with limited supply then the increase in demand will hit up the market.

My own point of view.

[nisakhairun]

we as miners in the world of bitcoin, indeed sometimes the development of bitcoin for now is so rapid and has a value that can be classified as good, but will it all last forever as it is now?

[konflikkastil]

If you have been following the news for some time now you will know that there are 78% probability that the bitcoin and the other altcoins might peak back any time some. I took a careful look at the bitcoin trends on the forex market using both my mt4 and mt5. And I was able to understand that very soon, the price of BTC might double the present price anytime soon. And this was done when the price of BTC was below $40k and now it is trading above $46k across all exchange. And same time applies to most of the altcoins.

[projapoti]

If Bitcoin price change around twenty percent or greater, followed by at least 90 days during which the price does not return to its level before the change, i assume the alts season has start.
That formula to predict alt season i found from someone write in the coindesk, and i think its work as my data said so.

According to your formula we can't say that altcoin season started again.  Because bitcoin price change (-9.04%) in last three months.


But we see that the price of Bitcoin has gone up from $29000 to $46000 now and the price of almost all Altcoins has increased at the same rate. That's why it seems to us that the altcoin season started again.

[TheGreatPython]

I think that the possible pump for altcoin is only dependent on bitcoin, as almost of the altcoins are paired to bitcoin so when the price of bitcoin rises, the altcoin will do as well.

Yeah, that must be the basic mechanism of how altcoin industry is working on. As bitcoin is already into bull run, then we need to assume that altcoin season has started again. If I remember correctly that today I find cardano and tron are the few coins, I found in bull run.

for now developments in the market are very positive. I see there is a new direction that the market price is going up, I think maybe in the next few days we will see another bull market

In next few days? But I feel that we are already in a strong bull run.
Probably in next few days, bitcoin might break the biggest resistance levels around $50k which might lead bitcoin into $53k levels as next stop. So, altcoins also might be following bitcoin to get into stronger bull run toward a new ATH.

[akar87]

I think yes altcoin season start again after many altcoin success break out to higher price, but depend with bitcoin price for the future how increase and keep going to higher price or not. When bitcoin going down not any expectation with altcoin keep going up because altcoin price depend how bitcoin, need to keep stay bitcoin on higher price if see altcoin season is coming.

[0xkii]

ya, wait until they break their ATH and it'll start again 

[m.rifki]

During this altcoin season always waiting for bitcoin to reach a new ath, when bitcoin begins to stabilize and reach a new ath, altcoins begin to move up and look for their respective positions, the cycle keeps repeating, bitcoin must stabilize its value so that the altcoin season will soon appear.

[TheListener]

Yes because now btc movement is very better so it's better time to put invest in altcoin but always buy in part then we get a great profit from altcoin . And I am sure altcoin session start soon

[MishaSER]

I do not think that now is the altcoin season, you look at their ATH many tokens, even half of their ATH has not reached.

[Rexler]

Current news and developments in the market are very positive. There are new directions that are spreading and will explode in the future. Personally, I think maybe around September we will see the bull market again.

Fundamentally the market is bullish, there are tons of good news coming out lately, this simply indicates we will see new high prices which Indicates the continuous movement of the bull run, I think things may likely play out as it did last year, at the end of the year we might experience a strong bull run, it's certain no one can predict the price movement perfectly but from the look of things the market still remains bullish.