10 Reasons Why Altcoins Gonna Explode Soon
Well i have been observing stuff alongside my fellas and after a deep research we concluded something really wild, that every single one of you know and understand why you should get ready as we are with no time left.
1. Stable-coin Inflow Increased
The supply of stablecoins is increasing, with USDT in particular reaching new highs. It's pretty simple what happens when new stablecoins are issued, #BTC and #altcoins❗️ are bought. That's always a pretty solid indicator of a change in extreme bullish sentiments, which i keep telling since October 2023.
2. Altcoin Cycles repeat
Who is familiar with #Bitcoin cycles know the concept. And the investment cycles are also valid to the altcoins. The pivot and focal point are the Bitcoin Halvings, which set the rhythm. It may sound strange at first, but it's very true. I already mentioned alot of stuff about how charts need to follow and fulfill certain previously done moves to bring balance.
3. Bear Market, Accumulation Bull Market
The investment cycles follow a specific pattern:
🔴 Bear market
🟡 Accumulation phase
🟢 Bull market (initiated by the Bitcoin halving)
Therefore, we are anticipating the green box and can already smell an upcoming altcoin season.
4. Money Flow
We consistently observe consecutive pumps in various altcoins. It is indeed the case that larger projects experience pumps first, followed by the smaller ones. The concept at play here is what is commonly referred to as the money flow
5. Similarities with 2020
The monthly MACD cross just happened, mainly driven by the recent pump due to hype around the ETF aprovals. The current cycle patterns looks pretty similar to 2020. Which is just another wild move.
6. Indicators Turn Bullish
#Altcoins have just crossed the upper band of the Gaussian channel, that turned green. This happened only in 2020 and 2016 followed by an altcoin season. 7. New Highs
7.New Highs
What do you see here is market capitalization of all altcoins (excluding #BTC ). In the last cycle, the Fibonacci trend peaked at 3,168. If the present cycle follows a similar trajectory, we could be looking at a staggering 7 trillion US dollars.
8. BTC Dominance
Indeed, we observe #Bitcoin dominance (the ratio to the total crypto market cap) currently at a resistance level. It is very likely that the downward trend will now begin, indicating strength in altcoins
9. Altcoin Season of Technology
The biggest altcoin (according to the market cap) have been engaged in a perpetual technological battle for the past 10 years (transaction speed, functionality of smart contracts etc). Whether it was Litecoin in 2013, XRP in 2016, or Ethereum in 2020. The OG remains #Bitcoin , with opportunities to outperform especially during the bull run.
10. Big Money is still Buying
One strategy is to follow the smart money/big money and they are currently heavily buying. Take example of Fidelity and BlackRock.
The recent approval of #Bitcoin ETFs has bridged the gap between the old financial system and the crypto world. This development is likely to drive up Bitcoin price to new ATH and profits shifting from Bitcoin to altcoins. #dyor
