Altcoin Season: When Does It Actually Come?

With the continuous surge in the market prices of cryptocurrencies, traders, analysts, and crypto enthusiasts now continuously focus on one major term, “Altcoin season”. The term “Altcoin” has often been misunderstood among new investors as being a type of cryptocurrency when it actually highlights every other crypto asset besides Bitcoin. This means that when a new investor seeks crypto-related information, they come across the heading ‘Altcoin season’ surrounded by complicated terms and end up as confused as before. This article will explain what Altcoin season is, how it works, or may happen, and what impact this phenomenon might have upon the market. If you are a new crypto investor, then this is the perfect place to heed an explanation of everything that surrounds Altcoin season.

What is GraphLinq?

Before jumping into Altcoin season, it’s essential to understand the key projects such as GraphLinq, which actually represents innovation in the blockchain space. GraphLinq is something more than just a blockchain project; rather, it is a Layer 1 blockchain known as GraphLinq Chain, which provides robust infrastructure to decentralized applications, better known as DApps. Here’s a breakdown of its key components:

• GraphLinq Chain: A Layer 1 blockchain exclusively designed to scale, secure, and offer adaptability to a wide variety of use cases, guaranteeing efficiency in transaction processing and high throughput.
• GraphLinq Hub: An all-in-one platform whose main product is a DEX with its native AMM system, allowing low-fee and high-liquidity trading.
• GraphLinq IDE: This no-code drag-and-drop interface lets developers and non-developers alike easily build DApps by abstracting out the complexity of writing code, thus making blockchain development more accessible to developers at large.
• GraphLinq Explorer: A tracking service for transactions occurring on the blockchain, it ensures full transparency and real-time data so one could easily track interactions with the network.
• GraphLinq AI Assistant: An intelligent assistant in place to further improve the user experience by embedding AI capabilities. It facilitates users in creating automated workflows, optimizing blockchain interactions, and providing chromosome-related guidance on how to get the most from the platform. In such a way, it is easier for inexperienced and professional users to navigate around the ecosystem.

Now that we have discussed GraphLinq, let’s revert to gaining an understanding of Altcoin season.

What Are Altcoins?

They are called “alternative coins.” In this case, all cryptocurrencies other than Bitcoin are altcoins. Only a few altcoins were available during the early years of crypto: Ethereum, Ripple, and Monero. While crypto space has been growing at a high speed, today there are thousands of altcoins-very specific purpose and utility for each one. Bitcoin always takes up roughly half of the total market capitalization, and therefore seems different from the continuously increasing number of altcoins.

What is Altcoin Season?

Altcoin Season, otherwise known as Altseason, was the period of time when the price of most altcoins surged upwards, usually right after Bitcoin has stabilized or reached new highs. When Bitcoin’s price is stable, other cryptocurrencies surge 100%, 200%, or even more within short periods. This mostly happens when the dominance of Bitcoin in the total crypto market, BTC.D, falls and gives way for the altcoins to rise. The Altseason provides very good opportunities for lucrative returns for investors because many altcoins have huge potential for appreciation. As an illustration, the Altcoin season that occurred from mid-2020 to the end of 2021 found tokens that were linked to scaling solutions of Ethereum sure like Polygon. This token was going by the name MATIC and went up over 1300%.

When is the Next Altseason?

It is hard to tell when the next Altcoin season will take place. They are not scheduled like Bitcoin halvings. They are pegged to a variety of market factors, which include dominance in Bitcoin, inflows into the cryptocurrency market, and general sentiment. As such, Altcoin seasons have thus far followed after Bitcoin makes new highs and starts to consolidate. If market analysts are anything to go by, then the next Altseason may take place between the last quarter of 2024 and early 2025. This is purely speculative, nonetheless. Much of this will depend on Bitcoin’s performance and broader market dynamics.

What Fuels Prices during Altcoin Season?

In general, during the so-called Altcoin seasons, the price increase is usually driven by fresh money entering the crypto market, which most of the time enters after a Bitcoin bull run has taken place. The gains with Bitcoin are then put into smaller altcoins, which have enormous upside potential, raising their prices upwards. Another factor contributing to some of these altcoins outperforming comes down to the crypto space narratives. Technological advancements, partnerships, or major market trends, in other words, tend to drive the prices of some altcoins very high.

History of Altcoin Season

So far in the space, there have been two major Altcoin seasons:

• Altcoin Season 2017–2018: During this period, Bitcoin’s dominance contracted from 86% down to 38% as the ICO craze went into full swing. Projects like EOS gained immense traction at this time, raising billions and going on to enjoy exponential market cap growth.
• Altcoin Season 2020–2021: The pandemic brought a surge of new investors into the crypto space. Projects such as MATIC, SOL, and AVAX, among many others, combined with the NFT boom of that time, saw the Altcoin market cap grow from 200 billion dollars to over 1.6 trillion dollars.

Is the Next Altcoin Season in 2024?

Nobody can say, but all pointers are hinting at late 2024 as the next possible Altcoin season. The timing of the next Altseason would be heavily influenced by the present price movements of Bitcoin and the general outlook of the market. If history were to repeat itself, it’s another case that Altcoins surge again in valuation, but this time drive the market capitalization beyond $3 trillion.

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