Altcoins bullish season is coming!
Hello 🤗 guys, I welcome you all to my blog today. Today, I want to join the contest with the title Altcoins bullish season is coming! This contest was organized by the @khursheedanwar.
When you expect that Altcoins bullish season is coming and how long it will lasts according to your expectations and analysis? |
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To start with, I will love to clearly define a few terminologies for those who will be reading through my post and those who may be new to cryptocurrency and they have no idea about the words or they are not familiar with it.
There are basically two key words in this question and these are Altcoins and bullish so we are going to know what this keys words are all about first before progressing with answering the next question that follows.
Altcoins are alternative coins to Bitcoin. This means that coins that are created after Bitcoins which can be swap for Bitcoin or use to carry out transaction like Bitcoin is called an altcoins. A good example of altcoins include Steem, TRX, XRP etc.
Bullish on the other hand means when the market is making a series of higher high in a consistent movement with small or no retracement making the price of assets to keep going up ahead. So when we notice such move we will conclude that the asset is bullish.
Traditionally, in the cryptocurrency space we have a period we called the Bullish season which is a period which all cryptocurrency experience some level of rise or increase. Now, these period is mostly visible after every four (4) which is the period of Bitcoin halving.
Whenever Bitcoin is halved, we will notice that the price of all assets including Bitcoin skyrocket. The last Bullish season we experienced was the one in 2020 and another currently in 2024.
Usually during the bullish run, Bitcoin moves first before all other altcoins and that is why today we are looking at the topic title altcoins season. From experience, considering the 2020 bullish run I have discovered that after the Bitcoin movement, from December than to April the next year we will be experiencing a serious altcoin movement.
So in my opinion, since this year is titled a bullish season for Bitcoin, we will start seeing altcoins season from December down to April 2025. This expectations and analysis of mine was based on the previous bullish season experience in 2020 where we saw altcoins like Steem going up to around $0.7 in 2021.
So if all things goes well without any bad news in the cryptocurrency industry then we should see same movement as it was in the previous between December to April 2025.
In summary, if you are not ready or prepare for the altcoins season, you should consider doing that now because just like the previous we will see a massive movement of altcoins which will help and give traders and holders upto 20x of their assets soonest. So that is my analysis of the said asset.
Finally, I wish to invite my friends @dove11, @solaymann, and @josepha to also join this contest today and share their own opinions about this wonderful topic.
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