Is ALT Season Started? || Steem Alliance Community.
Hello Everyone,
Good evening everyone, how are you. I hope you all guys will happy and good. By the grace of God, I am also good. Today I am here with new post in which I am going to talk about alt season. So, let's start.
If you have been excitedly waiting for alt season in this bull run, then you are not alone. People are eagerly expecting the rise of alternative cryptocurrencies. But even though everyone is excited, it feels like things are quiet before the big run starts.
Lots of people are asking, is alt season started? Then my personal opinion and answer is. Not started yet. But don't worry, there are indications that its about to kick off soon.
Many investors are puzzled by the current market situation, wondering why the highly anticipated Alt season has not started. especially with Bitcoin reaching its ATH.
It is a big question. Why have not altcoin coins do not pump yet. So my answer on this state is very simple, BTC was pumping after ETF Approvals and its average price is 60k to 62k.
Lets break down what is happening in the market right now. While Bitcoin has trading at 62k to 64k zone from the last week. Bitcoin is still the main player, keeping altcoins in the background. At that time, Alt is pumping due to BTC. Now its time to pump alts.
Btc is trading at this level again and again so I am feeling that Bitcoin experiences a significant rally is leading investors to diversify their portfolios into alternative cryptocurrencies. I can't offer a precise date and time but give signs point to a potential start within the next month or in the end of this month. As Bitcoin stabilizes and market sentiment remains optimistic then you will see the green bath in ALTS.
In conclusion, alt season might not have started yet, but it feels like it is getting closer. As we wait for the market to pick up. lets be patient, keep waiting and get ready for the exciting times ahead.
I hope it will be an interesting topic for crypto and altcoin lovers. It would be my pleasure if you will share your opinion and reviews on this topic.
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I really can't wait to see this happen, I won't be wrong to say it's long overdue but the present state of the market seems not to be encouraging enough. Anyways, I keep my fingers crossed.
Whales are ready to take entry in alt coins. We will see very soon. At that time we were seeing big movement in btc due to ETF
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Good evening my friend It is good to hear your insights on the potential alt season in the current market. The anticipation for altcoins to rise is noticeable, and it seems like we are on the verge of a significant movement in the crypto space. Looking forward to seeing how things unfold in the coming weeks.
I think pinpointing an exact timeframe is challenging due to the market's unpredictable nature but you make a fair point that Bitcoin's dominance is still keeping altcoins in the background for now. Let's see how things unfold.