Does Altcoin season started again?

[masulum]

I am still looking forward to the upcoming positive news that can impact and help it to rise, maybe when bitcoin breaks through resistance more people will believe and return to the market. But anyway, we have made a profit if we bought and held the coins that have fallen in price and held them.

Today Bitcoin touched back the price of USD41K, but it looks like this is still a false break out. However, from this BTC increase, altcoins are still showing their strength, most of the altcoins on exchanges such as Binance experienced a pretty sweet increase. Hopefully there will be a further boost of positive sentiment to increase altcoin prices. BTW, there is news that India will adopt the ETH smart contract for diploma certificates. It is quite interesting to be applied in other countries, which may be the beginning of positive sentiment that will emerge next.

[GatotKaca]

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

Bitcoin Dominance is at 49% now. There is heavy resistance between 49-51% and dominance needs to stay below it for altcoins to rally. The altcoin market may recover once BTC reaches a more stable range again. For now, BTC is too volatile. In any case, it's good to see one of the main altcoins stabilized at higher levels, even if it's just a consolidation. However, in the long run, the Bitcoin price has a lot of potential.

when the bitcoin market does not stabilize it will not be good for altcoins. bitcoin is making an upward movement but also slowly decreasing. Such situations occur several times in today's market. even after a pretty bad dump this year. bitcoin still does.
bitcoin dominance if it has reached stability in the market then it is the best momentum for altcoins. some potential altcoins may continue to follow bitcoin's movement. but some who make updates can get a better rally.

[sapnu]

I think it is too early to make an assumption that another altcoin season is occuring. There maybe a lot of good things happening with bitcoin right now, some of it might just be a very temporary increase just like what happened when the news about Amazon considering regulating bitcoin, it did made a huge impact to its price where it went up once again but after just a few days, we're down to its usual price. We all know how much altcoin is affected to bitcoin's price and situation so as long it hasn't recovered yet, altcoins will still stay down likewise.

[worle1bm]

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?

Most of the altcoins follow Bitcoin rally only and this time there are rumors about major companies might accept btc and some other coins as mode of payment which has sparked the prices also.But most probably many memecoins or coins which have no potential growth and development would not surge this much under any influence also.But if we say some top altcoins like eth,SOL have capacity to rise even further but you must be careful and make your move wisely.

[Kunnu]

As we know the altcoin season is depends on the movement of BTC currently Bitcoin looks in bullish mode but it's not mean that this is a start of altcoin season maybe this is a trap, we must be very careful if BTC could keep its current momentum for couple of weeks then we may expect something positive for quality altcoins.

[AliMan]

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?

Sorry to say about the market situation for altcoins doesn't seems to be good right now, because it was only for those with strong community support. For those who've been out of fund by developers and real owners, everything went out to nothing but shitcoins despite of several fluctuations on both btc and eth. My altcoins price has beens stucked up and didn't grow any further.

[aylabadia05]

Specifically, I think what if you add Coinmarketcap as the first reference to help you analyze about the coin.
I think, the platform you mentioned is good, but too general for coin related news.

There is one more website for taking coin references, namely coinecko whose service is also almost the same as coinmarketcap, so now there are two websites that can be used by everyone in terms of taking references about any coin.

Yes mate. You are right.
Coingecko is also good and pretty much the same as Coinmarketcap. But I see that your writing on Coingecko has some errors. You wrote (coinnecko), the correct one is (Coingecko). But that's not a problem for me.
Both are great when it comes to coin information.

[jaberwock]

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?

This is not altseason, this is crypto season and there is a difference between those. What is the difference? When the latest bull run started, bitcoin was around 5k but reached 10k quickly, after that we had a whole run towards 64k right? Well, ethereum for example (can put any altcoin in there instead) ended up working towards 1500 or so from 150 dollars level at the same time, even reached 2-2.5k levels at the peak of 64k, then bitcoin stopped, bitcoin price started to even drop, but ethereum went as high as 4k after that. THAT is altseason, because it means that bitcoin is not the cause of the increase and alts are doing it all by themselves.

If you end up with higher and higher bitcoin, then it is not "alt" season because bitcoin is increasing as well, that makes it a whole crypto bull run. The moment bitcoin stops going up but others keep on going up, that will be alt season.

[indrakusumaindra]

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?

Cryptocurrency marketcap is still so small if you compare it to market stock, which is make it so volatile and so easy to be affected by good news and bad news. I do think the best news currently is the acceptance of cryptocurrency and also the use of blockchain in enterprise. Its just make the real use and value to the cryptocurrency and also big player starting to investing in cryptocurrency that i think it was a sign that crypto will be big in future.

[vabchgent]

I think it is too early to make an assumption that another altcoin season is occuring. There maybe a lot of good things happening with bitcoin right now, some of it might just be a very temporary increase just like what happened when the news about Amazon considering regulating bitcoin, it did made a huge impact to its price where it went up once again but after just a few days, we're down to its usual price. We all know how much altcoin is affected to bitcoin's price and situation so as long it hasn't recovered yet, altcoins will still stay down likewise.

Another alt coin season, even though I hate the word season, won't start right now. I think for now and for a little while longer all eyes will be on Bitcoin and Ethereum. If Bitcoin goes towards the $50,000 mark I think we will see a big push in all other coins as well. For now everyone is focused on Bitcoin, hoping it will find its way back to where we came from earlier this year.

[jostorres]

If you end up with higher and higher bitcoin, then it is not "alt" season because bitcoin is increasing as well, that makes it a whole crypto bull run. The moment bitcoin stops going up but others keep on going up, that will be alt season.

Yeah, if you’re holding since the market dropped to $30,000 then there is nothing bad if you continue holding till now. The market has been going up. You can see that bitcoin was at $37,000 and has moved to $40,000 now. Just like that it is likely going to continue increasing in price and reach another high price, and that’s the same thing with altcoins right now.

Check out coins like Ethereum and Tron, Binance Coin, and some others have all been increasing in value. But I can’t say for sure how long we are going to be seeing this increase, it might also be one of those short bullish moments that the market goes through from time to time, and not a major bull move.

[DarkDays]

If you end up with higher and higher bitcoin, then it is not "alt" season because bitcoin is increasing as well, that makes it a whole crypto bull run. The moment bitcoin stops going up but others keep on going up, that will be alt season.

Check out coins like Ethereum and Tron, Binance Coin, and some others have all been increasing in value. But I can’t say for sure how long we are going to be seeing this increase, it might also be one of those short bullish moments that the market goes through from time to time, and not a major bull move.

All other alts are moving because BTC has started to move and as always when BTC moves so do the rest of the coins. In my view, it is slightly too early to know if the alts-bull is in full swing or if it will be anytime soon.

Yes, the markets are improving but it all depends on BTC and BTC itself depends on (in my opinion) on institutional investment. Let's see how it plays out...

[molsewid]

This is not altseason, this is crypto season and there is a difference between those. What is the difference? When the latest bull run started, bitcoin was around 5k but reached 10k quickly, after that we had a whole run towards 64k right? Well, ethereum for example (can put any altcoin in there instead) ended up working towards 1500 or so from 150 dollars level at the same time, even reached 2-2.5k levels at the peak of 64k, then bitcoin stopped, bitcoin price started to even drop, but ethereum went as high as 4k after that. THAT is altseason, because it means that bitcoin is not the cause of the increase and alts are doing it all by themselves.

If you end up with higher and higher bitcoin, then it is not "alt" season because bitcoin is increasing as well, that makes it a whole crypto bull run. The moment bitcoin stops going up but others keep on going up, that will be alt season.

We can observe now that the crypto market booming as a whole and this is a good indication because people are not only focusing on a certain name of cryptocurrency but it focuses on the whole platform. Today, we can see that more and more people are getting interested in cryptocurrency and because of this we can expect that the season of cryptocurrency will continue to rise. However, we can't also deny that we set a gap between bitcoin and altcoins which we were always see bitcoin as a dominant crypto but today altcoins were doing great to be honest.

[lepbagong]

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?

Cryptocurrency marketcap is still so small if you compare it to market stock, which is make it so volatile and so easy to be affected by good news and bad news. I do think the best news currently is the acceptance of cryptocurrency and also the use of blockchain in enterprise. Its just make the real use and value to the cryptocurrency and also big player starting to investing in cryptocurrency that i think it was a sign that crypto will be big in future.

In fact, we must admit this fact, that crypto is still far from being seen from market capitalization with stocks. we also have to admit because stocks run early and most of those who join are large institutions whose asset values are also large, different from crypto.
but now institutions have started to also look at crypto compared to if they put their funds in deposits which of course will be greater in value, actually with stocks it is the same but again crypto must be able to convince more institutions to join. you are right in saying that crypto will become big after many join.

[Republikcoin.com]

Several altcoins such as LUNA, AMP, OKB experienced a significant price increase in the last 7 days. In addition, in the last 7 days ETH also managed to go up 13%, Bitcoin rose 19% and what is quite attention-grabbing is XRP rose 22%. I can't say this is an Alt season yet, because Biannce BNB still hasn't shown any significant movement. In addition, XLM has very minimal price changes since the last 7 days.

[clarkt]

The good news about tech companies accepting bitcoin and Tesla's new position on bitcoin would have drove the cryptocurrency market up on all indices had it been we are in bull market.  As it is,  bear market is still with us and negative sentiment still persist.  Altcoin season will come when bitcoin breaks upward!

[Benefactor]

There are new bearings that are spreading and will detonate later on. Actually, I think possibly around September we will see the buyer market once more. I accept on the off chance that you truly need to put resources into Bitcoin, we need not hang tight for any news prior to contributing on the grounds that that is the point at which you can purchase at the best low cost. I'm attempting to collect unique cryptographic forms of money, assuming conceivable, I will hang tight for the year's end, and it will as of now be seen.

[coiner-88]

You can see the traffic that all around acquired by axie limitlessness. I figure you will comprehend why the altcoin is as yet bullish as of now. So presently I am attempting to aggregate distinctive cryptographic forms of money, in the event that conceivable, I will sit tight for the year's end, and it will as of now be seen. I think with such a lot of information circling at present and a great deal of media distributing positive things about crypto, almost certainly, we will see another buyer market soon.

[GatotKaca]

Several altcoins such as LUNA, AMP, OKB experienced a significant price increase in the last 7 days. In addition, in the last 7 days ETH also managed to go up 13%, Bitcoin rose 19% and what is quite attention-grabbing is XRP rose 22%. I can't say this is an Alt season yet, because Biannce BNB still hasn't shown any significant movement. In addition, XLM has very minimal price changes since the last 7 days.

because not all altcoins are getting an increase in the market. The altcoin season hasn't really started yet.
but what about the start of the altcoin season? I see bitcoin has started price stabilization and some altcoins are still going strong. I'm sure next month when there is a major update in the crypto market could set up a good momentum for the altcoin season.

[lenovop-70]

Bullish trend was incoming since 2 days ago, we hope all these news are continue and it's not just a bull trap because as i seen, many newcomers this year have left crypto and coming back again after looking at the chart few days ago. We need BTC to reach it's next resistance which is 40k to trade altcoin safely from my analysis

I am agreed with your opinion, i just wait bitcoin breakout above $40k to start trade alts, some of my alts bag are stuck at that price.
The safeline is $42k IMHO but theres no doubt to start it early at $40k if the green bitcoin candle survived for 15 days