This article dives deep into a unique crypto can phenomenon – the altseason. We’ll figure out when the big altcoin boom will start and how long it will last. We’ll also identify the altcoins that could skyrocket in value.
Understanding Altseason
Altseason is a period when other cryptocurrencies, called altcoins, rise in value. Sometimes, these altcoins can even outperform Bitcoin. Altseason begins when Bitcoin’s dominance (BTC.D) peaks. It ends when the total market value of top altcoins (excluding Bitcoin – TOTAL2 index) reaches a new high.
Lessons from Altseasons Past
So far, there have only been two altseasons. The first Bitcoin cycle didn’t have many altcoins. The first major altseason lasted 310 days (March 2017 – January 2018). During this time, the TOTAL2 index increased by a huge amount: 56,425%!
The second altseason (January 2021 – November 2021) saw a 650% increase in the TOTAL2 index over 309 days. Both altseasons had an almost identical duration.
The Halving’s Impact on Altseason Timing
Previous research suggests a fascinating link between the halving event and altseasons. The halving event reduces the Bitcoin block reward. It occurs around 62% into a market cycle. Both historical altseasons started roughly 235 days after their respective halving dates. We expect the upcoming altseason to start on December 10, 2024, and end on October 16, 2025. This period is 235 days after the April 2024 Bitcoin halving and aligns with the peak of the current cycle.
Identifying Potential Altcoin Champions
By studying past performance, we can find valuable clues about future winners. The last altseason showed a trend. Coins that did well in the year before the altseason often kept doing well during it. Based on this and current market trends, potential high flyers include:
Meme Coin Leaders (but use caution due to their volatility)
2. Established Players in Blockchain, AI infrastructure, and CeFi (Centralized Finance) sectors
A Word of Caution
It’s important to remember that these are not guaranteed predictions. Past performance may not repeat itself. But, this analysis can help investors understand the upcoming altseason.
When to Buy Crypto and Coins That Could Surge 1000% or More was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.