Altcoins season is here already

Altcoins season is here already

By Ticktalker | ticktalker'sblog | 20 Feb 2024


An altseason can totally happen without your bags pumping yet.

 

In a certain way, altseason has already started.

 

The entire altcoin market might not have outperformed bitcoin yet but it's actively rising for the past few months.

 

It's not just rotating capital like last year.

 

Just because your XRP bags, your ADA bags, your LTC bags, your ... Are not pumping yet.

 

Doesn't mean we aren't in one.

 

Last cycle (2021) alts were going absolutely bananas.

 

And yet a friend of mine was truly convinced a real altseason had yet to start.

 

I was thinking to myself "is he looking at another market than I am?" 😅

 

But the reasoning was clear. His bags didn't pump yet.

 

I had to explain it's not how it works.

 

Every day 100 new tokens enter the market in bull season.

 

Even though altseason draws a lot of capital to altcoins.

 

There's still no mathematical way that money flows to EVERY single alts and everything pumps.

 

The solution?

 

Know where capital flows the most.

 

- New really hyped up projects

 

Especially those with ido registrations you might be able to get in.

 

- older projects (not dino) with stronger narratives.

 

The market doesn't just only favor the really new ones.

 

It also favors older ones with strong narratives.

 

AI projects / RWA projects / ...

 

Have all seen a huge new surge despite being 1-3 years old.

 

Just make sure it's not dino old.

 

Some older ones might still pump a bit but it's just more unlikely they will.

 

Don't need to believe me but the market has shown proof of this time and time again.

 

- Projects not pumping in bull

 

It's fine if your project does not pump in a bear market.

 

It's not fine if they don't pump the entire first halve of the bull market.

 

They likely won't in the second halve either.

 

There are exceptions and some might still pump last minute.

 

But it's more and more unlikely.

 

And trading is a game of odds. Not hoping to have t

he exception.

 

Be careful what you hold and what you don't hold.

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Ticktalker
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I am a comic relief content creator and web3 enthusiast, I write contents to share things I learn and research about.


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