Altcoin Season Indicator, Crypto Thermometer

Altcoin season indicator Analyze cycle trade from Cryptocurrency When like a digital outfit Ether (ETH), XRP, Cardano (ADA) And Dogecoin (DOGE) Experience sudden price hikes beyond that Bitcoin Born in U.S. dollar.

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Altcoin season indicator

WhenAltcoin season indicator As it increases, the capitalization of Bitcoin decreases compared to the total value of the various cryptocurrencies on the market. This measure of market value is used for to describe The volume of the cryptocurrency arises from the product of the price of the currency and the circulating supply of the latter.

Alternative Cryptocurrencies and Bitcoin

Altcoin season refers to the times in the market when the prices of altcoins are more Compared to Bitcoin for several weeks or months. This usually happens when the price of Bitcoin Stopped after a big hike and reallocated investors to them earnings On other currencies, altcoins start risings.

bitcoin dominance indicator

The best way to get a sense of this trend is to compare the graph of bitcoin dominance indicatorwhich compares the total value of the reference digital currency (market cap) to the rest of the cryptocurrency market.

For example, if the Bitcoin Dominance Index is 32, this means that the Bitcoin market share is 32% of Capitalization Total market share of all cryptocurrencies. When this indicator goes up, bitcoin stays put earn land Relative to the market share of all other currencies. The sharp and persistent decline in Bitcoin’s dominance for weeks or months marks the Altcoin season.

How has the market changed since 2018

In early 2018, the Altcoin season coincided with a strong influx of Initial Coin Offering (ICO) And the rapid rise in the then-unknown currency rates, such as XRP And ether. Prior to that, Bitcoin accounted for nine-tenths of the total cryptocurrency market, while other virtual currencies largely played roles. margin.

In less than a year, altcoins totaled more than 50% in the cryptocurrency market.

The latest altcoin season came in the final weeks of 2020 and lasted until May 2021. During this time, the price of Ethereum increased from $600 to over $600. 4100 dollarsWhile the rates of smaller currencies recorded increases of up to 2000%, as in the case of binance coin from Binance (BNB).

DeFi Summer

the term DeFi Summer It was born in 2020 when decentralized finance projects – cryptocurrencies that allow investors to lend, borrow and earn a return – attracted investors with high returns and then unsustainable outcomes.

This started from one mad speculation This increased the value of the decentralized finance market (DeFi) to $7 billion by September 2020.

So far, DeFi Summer has been an isolated phenomenon, although many market participants are waiting for a repeat that has yet to happen.

However, the importance of decentralized finance continued to grow in the business sector digital assetsoffers a wide range of standalone financial applications, such as loans, insurance, crowdfunding, derivatives, and even betting.

Winter encryption

Winter encryption Indicates a long period of low prices.

At the beginning of 2018, the value of Bitcoin almost plummeted 90% year compared to an all-time high last December.

Other cryptocurrencies are the fall Harder than Bitcoin, with the vast majority reporting a 90-95% drop from all-time highs.

When Cryptocurrency Prices Dropped onslaught In May 2021 and later in the year around December, many thought we were at the height of another scary crypto winter.

Bitcoin seasonality

Past performance is not an indicator of future price dynamics, but it can provide Models possibility.

Looking at the average monthly returns of Bitcoin since 2011, it can be seen that the cryptocurrency tends to more Of value during the spring and fall months back to the summer months. Bitcoin price usually closes the month around the same level it started on average. In September, Bitcoin recorded a Drop an average of 5%.

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