Cryptocurrencies are more than profitable
At the moment, the cryptocurrency market is revaluing with increasingly incredible performances. The altcoin season has thus signaled the great departure towards the heights and no one wants to miss the boat.
Over the last 24 hours, we have seen a lot of good performances, both from new and old altcoins.
Among the best performances, we can highlight IOTA (56.23%), HBAR (48.31%), VET (41.49%) and ONDO (39.51%). The latter are flirting or are above 40%. IOTA even managed to revalue itself by more than 50%.
But the rise does not stop there, since other cryptocurrencies follow. This time we are thinking of JASMY, POL, SAND or LINK, suitably installed above 25%. Even cryptocurrencies like ATOM, which have often been stable lately, are finally waking up with almost 15% increase today.
The phase that traders have been waiting for is here!
The altcoin season is obviously the central element to take into account. Indeed, since this new turn of events is the key catalyst for a price explosion.
The indicators favorable to altcoins are more and more numerous, with the altcoin season index in particular, which tells us that we have officially entered the altcoin season. This moment is therefore favorable for other cryptocurrencies to outperform Bitcoin, with for the moment, 84% of the top 50 cryptocurrencies (excluding stablecoins) doing better than BTC over the last 90 days.
In previous bull cycles, the altcoin season lasted approximately three months (spring 2021) and 2.5 months (2018). But again, as a reminder, there was no altcoin season in November 2021, despite good performances for certain cryptocurrencies.
Moral of the story: the altcoin season is playing with our feelings. It happens when you think it won’t happen again.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
