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.
Di'ja's Biography & net worth 2023 Hadizah Salma Blell popularly known by her professional stage…
Cheapest Universities in Nigeria with Tuition Fees Nigeria is an African country located on the…
Naira Marley's net worth for the year 2023 Azeez Fashola popularly known professionally as "Naira…
Mayorkun's Biography & net worth 2023 Adewale Mayowa Emmanuel, who is popularly known by the…
How to play chess games Chess is a board game played by two competitors with…
A false prophet who accurately prophesied the death of T.B Joshua Here is the self-acclaimed…