Vitalik Buterin, the creator of Ethereum, has sold many of his ‘dog tokens’, like SHIB & AKITA. These were sent
An “Altcoin Season” is a term that is commonly used within the cryptocurrency community. The first thing to understand is the term “altcoin” itself. It refers to all the digital currencies besides Bitcoin, also known as alternative cryptocurrencies.
With this said, an Altcoin season is a market condition where a lot of the alternative cryptocurrencies are increasing their value against the USD or Bitcoin (BTC) or both. Usually, this results in a greater market share of altcoins and a lower of Bitcoin dominance.
While not entirely necessary, Altcoin seasons are also associated with drops in the price of Bitcoin. However, that’s not always the case. There have been occasions when Bitcoin has been on positive momentum, but altcoins were outperforming it, hence climbing to higher market dominance.
Despite the time to time Altcoin seasons, historically, altcoins have so far been unable to catch up with Bitcoin as it remains not only the first cryptocurrency but also the predominant one on the market. It holds much of the total market cap.
Altcoin seasons are also commonly associated with a lot of new developments in the field, in general. For example, back in December 2017 and January 2018, alternative cryptocurrencies were booming because of the then-new phenomenon called Initial Coin Offerings (ICOs).
Recent Altcoin Season News
This week we saw the total crypto market cap reach $2 trillion for the first time. This happened as Bitcoin
With the latest triple-digit increase in the value of multiple altcoins, here are four possible reasons showing why the 2021
Analysis by Coin Metrics has declared that altcoin season or ‘altseason’ could be upon us but not all high cap
The popular meme coin, DOGE, has increased parabolically over the 24 hours. History teaches us that there is a correlation
Bitcoin's price spiked above $24,000 in a day of massive volatility. Meanwhile, BTC dominance has surged to a 7-month high
The cryptocurrency market cycles show how quickly can things change. Although Bitcoin is surging now to new highs, could another
Bitcoin's decisive price jump towards $11,000 has increased speculations of a significant bull-run in the making. In contrast, a popular
Binance CEO Changpeng Zhao believes the narrative of an ongoing altcoin season, while the lack of significant price movements from