📣 The famous ALTSEASON. Many times you have heard and read this word, but do you really know what it means?
✅ In the world of cryptocurrencies, "altseason" (altcoin season) is a period of the market cycle in which altcoins (all cryptocurrencies that are not Bitcoin) significantly outperform Bitcoin (BTC).
⭐ During an altseason, capital flows from Bitcoin to other cryptocurrencies like Ethereum (ETH), Solana (SOL), Cardano (ADA), or other smaller ones, causing these to considerably increase in value, sometimes multiplying their price by two, five, or even more, while the price of Bitcoin may remain relatively stable or rise at a much slower pace.
💰 Altseasons are not permanent, but are part of the natural cycles of the cryptocurrency market, and often occur after a strong initial rise of Bitcoin, which acts as a gateway for new institutional and retail capital. #WriteToEarnUpgrade #USJobsData #BinanceSquareTalks $ETH $XRP $SOL
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