Crypto Updates

What are bitcoin and altcoin seasons?

What are bitcoin and altcoin seasons?

Altcoin season – when more than 75% of the top 50 alts show better growth than BTC in 90 days.

BTC season – when less than 25% of alts grow faster than bitcoin in 90 days.

1. Previous growth cycles started with the BTC season, because the big players first entered the cue ball and pumped the price. And after that, they poured from BTC into alts to get even more profit. Alts are easier to pump.

2. The growth cycle in 2017 ended with the altcoin season. This year, the market crash also occurred after the viola season, in May.

3. The bitcoin index can be tracked by the BTC market share (currently 48.3%). When it grows, the market share increases and reaches 60-70%. Investors’ money is mainly in the main asset. This is another reason why violas grow poorly.

MyScholarshipBaze

I love surfing the web and providing great information for my readers. I am an Editor At Myscholarshipbaze.com

Recent Posts

Gregory University school fees for 2022

Gregory University school fees for the 2022 academic session The management and Board of Gregory…

2 hours ago

UBEC fts New exam date & Venue for shortlisted candidates

New date for UBEC federal teachers scheme FTS computer based screening test This is to…

7 hours ago

UBEC shortlisted candidates 2022 | Check shortlisted Names

UBEC shortlisted candidates 2022 The shortlisted candidates for the just concluded UBEC recruitment for 2022…

13 hours ago

How To Write Minutes Of Meeting

How To Write Minutes Of Meeting Minutes of a meeting can be described as the…

15 hours ago

List of Universities in Russia

List of Universities in Russia Russia is the world's largest nation and a leader in…

21 hours ago

List of Universities in Rwanda

List of Universities in Rwanda The goal of Rwanda's higher education system is to foster…

23 hours ago