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That’s it … hot weather lovers have been waiting for it, spring has finally arrived! Opportunity for the calendar, it seems that the crypto market is following the seasonal situation. After a (small) crypto “winter”, spring comes with crypto prices in bloom! It is even said that an altcoin season could begin …
“Altcoin season” or “altcoin season”, what is it?
The price of altcoins has been insane in recent days. Has a new altcoin season started?
What is an “altcoin season”?
Crypto has its own lingo, which is good to know if you like investing in Bitcoin and other currencies. Have you ever heard of “altcoin season” or “altcoin season”?
This English term translates to French as “altcoin season”. An altcoin characterizes any crypto other than bitcoin. For example, Ethereum, Cardano or even Solana are altcoins. What is “altcoin season”?
This term indicates a period in which cryptocurrencies other than Bitcoin (or altcoins) are soaring. In fact, there is even a precise definition. Thus, we talk about “altcoin season” when for 90 days, 75% of the top 50 altcoins outperform Bitcoin.
(Clarification: stablecoins and asset-backed tokens (WBTC, stETH, cLINK, …) are excluded from the ranking of the “50 largest altcoins”.)
Are we in an “altcoin season”?
The price of altcoins has been in the green for the past few days. It’s simple, all the crypto prices in the world’s top 30 are positive over the last 7 days. If we take the definition mentioned above, we need to look at the situation over the last 90 days to identify an altcoin season. What about?
Below, the cryptocurrencies are classified by the performance of their price over the last 90 days (at the time of writing this article):
- Waves: 252%;
- Rune: 81%;
- Leo: 63%;
- Osmo: 52%;
- FTE: 45%;
- ZEC: 34%;
- FTT: 34%;
- LUNA: 31%;
- ATOM: 13%;
- XRP: 6%;
- XMR: 5%;
- BTC: 3%;
- FRAX: 1%.
Several things stand out from this location. First of all, Bitcoin is not the crypto that has shown the best performance over the last 90 days. In fact, 11 altcoins do it better than Bitcoin. On the other hand, the other top 50 altcoins are doing less well and have a negative price in the same period.
It shows these numbers therefore it’s not altcoin season. However, a dynamic is triggered on the side of altcoins. If this continues, it may well be that this season is coming soon.
2 exploding altcoins
If it’s not yet altcoin season, it still is offer season. In recent days, some well-known and recognized altcoins in the top 20 have shone. Discover 2 cryptocurrencies that have exploded in a few days.
Cardano is a crypto with very high potential, but which has been disappointing on the side of its price for several months. What if that was about to change? In fact, the price of the Cardano crypto has increased more than 25% over the last 7 days. This is the best performance of the world’s top 20. The jump in the price of Cardano has revitalized its capitalization. Currently, Cardano is the 7th crypto in the world, which puts it on the heels of the Ripple coin.
Cardano is a ” ethereum kills “. ADA blockchain is a latecomer to the game about DeFi and smart contracts, and it is catching up. Cardano blockchain is very active at the moment and therefore sees new projects coming regularly. In addition, Cardano has recently also entered the field. metavers and NFT.
The Solana crypto made many people happy last year. It’s actually one of those cryptocurrencies that has seen theirs the stock price jumps more than 10,000% in 2021 ! The price of Solana has exploded and the crypto has established itself as a very serious competitor in decentralized applications.
If the price of the Solana crypto had a slack at the beginning of the year, here Solana is again in front. Thus has the course of Solana increased by 20% over the last 7 days. The price of the Solana was able to reach over $ 100 and aims for a next goal around $ 150.
Do not wait for the altcoin season! Take the lead and bet on altcoins with high potential and better performance than Bitcoin!
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