We have seen that Bitcoin makes another high of $123K and is outperforming in this bull run. The price rises from $17K to $123K which is more than 10 times move in just 1 year period of time.
Many big companies, whales and other investors have made good money from Bitcoin, but still 70% of the investors are stuck in their holdings and the main reason is that they are invested in #altcoins. They underestimate Bitcoin and didnot shown any interest in Bitcoin.
Now, the question is will altcoins will perform in the same way as Bitcoin did? This is somehow confusing question and no one knows about it. There is no any such person who can predict about altcoin performance, this market is unexpected and anything can happen any time.
But in this post I will share some of the signals that will help you to know for the start of altseason. According to chart history altcoin season has to come and they must perform.
There are 3 important signals of the start of the altseason. One that Bitcoin dominance will start to decrease and if it falls below 55 then it is better to invest in altcoins.
Dominance plays an important role for the start of altseason. When the flow of money transfers from Bitcoin then the dominance will start to decrease and flow will move to altcoins which will help the price to go up.
Another sign is that when #Ethereum starts pumping while Bitcoin remains stable then its the time that money flow has shift to large cap coins. Mostly large cap coins will start to pump while other coins will remain stable or gets slower.
The third sign to know about the start of the altcoin season is to keep on checking this site. Here is the brief detail about top 50 coins.
What you must get to know is that when the top 50 coins outperform BTC then understand that altcoin season has started. Also there is a graph which tells you "Its Bitcoin season or Altcoin season".
These three signs will help you to know about the start of altcoins season and you will get prepare for to invest in the best coins. Dont forget to diversify your portfolio. Add 40% in large cap coins, 30% in mid cap coins and 30% in volatile coins.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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