Recently, Bitcoin experienced an upward price movement that stunned the crypto community, creating a mixed feeling. While Bitcoin maximalists were happy that it Bitcoin hit in roof within a few weeks, most altcoin enthusiasts were practically disappointed.
This was because altcoins generally did not benefit from the party, as one would have anticipated due to the trend that was seen in the December of 2017.
Anyway, the general disappointment from the altcoin heartbreaks resulted to a new chorus in the crypto community. The chorus is about an altcoin season. Those who chant this chorus believe that a season will come, perhaps in the weeks ahead, when most altcoins will double or even quadruple in price.
The big question remains whether or not the foretold altcoin season will ever come. For me, I believe that the altcoin season has already started for those who can perceive it. Already, TNT saw a 100% surge in price. DENT and BNB are also doing well together with over 50% increase within the last few weeks.
Not only that, Bitcoin dominance has fallen from a peak of 58% to about ... as I write. This tells us that money is gradually flowing back into the altcoin markets and that we may see positive sharp movements soon.
Lastly, the trade volumes of most of the top 100 altcoins have been increasing massively within the last few days. Analysts have seen a similarity to what was experienced in the last bull market. And if history is willing to repeat itself, the glory days of altcoins should resurrect and put smiles on the faces of all.
I hope that you don't get missing in action when the much anticipated altcoin season fall upon us.
Image sourced from Google
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