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Author Topic: Altcoins season looks uncertain this year.  (Read 7540 times)

Offline yhiaali3

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Re: Altcoins season looks uncertain this year.
« Reply #30 on: November 15, 2024, 05:33:31 AM »
Although there are significant increases in some altcoins such as Ethereum, Doge, PEPE and Shiba which have seen significant increases in the past few days, it cannot be said yet that the altcoin season has begun.

Pepe is the only one actually doing great, the rest are still lagging behind when it comes to the ones like doge and most others are struggling to even reach the previous ATH while Bitcoin has no problems soaring higher, we can't call it altcoin season till a majority of at least two thrid of altcoins would be posing gains compared to the last bull season top.
Yes I agree, we can't say that the altcoin season has started until the coins make gains compared to their last peak, Pepe is very close but Doge is still far away as well as most altcoins.

But for Doge, its previous peak was at $0.73 because of Elon Musk's interest in Doge at that time and his positive statements and buying a large amount of Doge, but now I find it difficult for Doge to reach its previous peak because it is no longer as popular as it was back then. Do you think Doge can reach its previous peak?

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Re: Altcoins season looks uncertain this year.
« Reply #30 on: November 15, 2024, 05:33:31 AM »

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Offline Rubel007

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Re: Altcoins season looks uncertain this year.
« Reply #31 on: November 15, 2024, 06:35:57 AM »
Until Bitcoin is at a stable level, it will be difficult to see the expected bull run of altcoins. But the picture we used to see in the market in previous years that is changing. In the last 2021 bull market, Bitcoin remained bullish for a long time and then dumped, but this year, Bitcoin's high momentum is not very sustainable. Due to which the altcoins are not getting enough time to increase in price. A major reason for this situation is that Bitcoin ETF traders who do not hold Bitcoin sell their assets at a small profit. I think it will take time to recover from this situation.

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Re: Altcoins season looks uncertain this year.
« Reply #31 on: November 15, 2024, 06:35:57 AM »

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Offline bounceback

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Re: Altcoins season looks uncertain this year.
« Reply #32 on: November 15, 2024, 07:46:22 AM »
During altcoin keep growing up and movement new ATH price seems difficult to see altcoin season because investor more interested for investing in bitcoin than altcoin and make bitcoin get dominance in market. I think need for next year moment waiting for will altcoin season coming because many time bitcoin have reach new ATH price not give impact yet for altcoin get recovery faster such as altcoin.
Maybe waiting bitcoin price stable and potential for altcoin season however nowadays moment for meme coins season only after several top meme coins success break out to higher price.

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Re: Altcoins season looks uncertain this year.
« Reply #33 on: November 15, 2024, 08:01:40 AM »
But for Doge, its previous peak was at $0.73 because of Elon Musk's interest in Doge at that time and his positive statements and buying a large amount of Doge, but now I find it difficult for Doge to reach its previous peak because it is no longer as popular as it was back then. Do you think Doge can reach its previous peak?
i might be putting too much trust on elon musk and i know many holders of doge do not like the fact that the coin's only identity is being tied to elon musk but what can we do? it is true that doge is highly associated with elon musk and depending on what elon decides to do, doge can grow popular again

now with elon musk part of the us govt because of trump i seriously think that doge may be given some of love and attention too lets just wait i am quite confident that it will happen soon

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Re: Altcoins season looks uncertain this year.
« Reply #34 on: November 15, 2024, 08:54:14 AM »
---
Having said that, I am of the opinion that despite the current Bitcoin up trends movements, there are still strong demands
for btc, with no much supply going into the market. Do you think altcoins season is still likely to happen this year?
I really thought that I'm the only one thinking about this one.
The fact that even the top altcoin right now which is Ethereum hasn't even reached its previous ATH yet is a bit concerning. Its price right now is nowhere near its previous ATH which is around the $4,800 price.

On the flip side, I also believe that altcoin season comes out a few weeks after Bitcoin goes up, and right now, we are seeing it already. Bitcoin reached new ATH over new ATH over the past few days while most of the top altcoins hasn't go up yet. I guess let's wait for a few weeks, and hope for the best. I'm also holding some altcoins and the selling price target that I set is nowhere near its current price.

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Re: Altcoins season looks uncertain this year.
« Reply #35 on: November 15, 2024, 05:45:03 PM »
Until Bitcoin is at a stable level, it will be difficult to see the expected bull run of altcoins. But the picture we used to see in the market in previous years that is changing. In the last 2021 bull market, Bitcoin remained bullish for a long time and then dumped, but this year, Bitcoin's high momentum is not very sustainable. Due to which the altcoins are not getting enough time to increase in price. A major reason for this situation is that Bitcoin ETF traders who do not hold Bitcoin sell their assets at a small profit. I think it will take time to recover from this situation.
Of course, if the bull run price is stable or keeps pumping without correction, those altcoins will have the time to be influenced by the uptrend movement, but since bitcoin price is not stable as you said, is making it difficult for altcoins to get their own moment and for that reason, they only increase with very small percentage and if bitcoin retraces back, they will lose the little profit they had.

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Re: Altcoins season looks uncertain this year.
« Reply #36 on: November 15, 2024, 06:09:27 PM »
The bitcoin price is looking very bullish and there is higher possibility that dominance rate will increase. Since this year Bitcoin rate has been performing very well with no signs of it coming down anytime this year. As at the time of writing this post, dominance rate is standing around 59.80%. which is very high for altcoins to pump.
Having said that, I am of the opinion that despite the current Bitcoin up trends movements, there are still strong demands
for btc, with no much supply going into the market. Do you think altcoins season is still likely to happen this year?
It is hard to predict when altcoin season will happen but if not in this 1,5 month then in the next quarter of 2025 altseason will certainly happen. Those who already bought good tokens few months ago and holding them they should not sell their tokens now and wait for upcoming pump which is certain.

It does not matter that much when altseason will come if you have not bought alts then prepare dollars to buy token in any dump you find from now. Otherwise, it's useless to talk about altseason we should not invest in meme coins in the hope that they will also pump in altseason.
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Re: Altcoins season looks uncertain this year.
« Reply #36 on: November 15, 2024, 06:09:27 PM »


Online Publictalk792

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Re: Altcoins season looks uncertain this year.
« Reply #37 on: November 15, 2024, 06:20:24 PM »
Current Bitcoin price trend looks very strong and could lead to increased dominance. Bitcoin has performed exceptionally well this year resulting in dominance rate of 60+%. This makes it difficult for other cryptocurrencies means for altcoins to experience significant growth. However Bitcoin continued growth is fueled by strong demand and limited availability. Given these conditions, it is unclear if altcoins will have chance to thrive this year. If dominance will go down then altcoins will pump and they will give much profit to their holders.
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Re: Altcoins season looks uncertain this year.
« Reply #38 on: November 15, 2024, 06:27:45 PM »
As the altcoin season has started, only some of the ones we see are not showing a good movement such as ETH, BNB and others while memecoin has always been a bullish trend where many people think memecoin will exceed bullish altcoins.

Doge jumps very high
Other memecoins are also the same we can see how memecoins that have only been launched for a few months are able to reach these large capitalists can beat altcoins that have utility.

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Re: Altcoins season looks uncertain this year.
« Reply #39 on: November 15, 2024, 06:38:15 PM »
Maybe we should partially agrees that some coins are already in their alts season together with bitcoin since they have already experienced more than 10x multiplier in their price, we can still in other way say that we are not in yet as fully expected because not all or majority of the altcoins have experienced this bullrun, some are not pumping at all while some are doing that mildly, maybe January could be the targeted time for the majority of them to go in season.

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Re: Altcoins season looks uncertain this year.
« Reply #40 on: November 15, 2024, 07:30:26 PM »
Maybe we should partially agrees that some coins are already in their alts season together with bitcoin since they have already experienced more than 10x multiplier in their price, we can still in other way say that we are not in yet as fully expected because not all or majority of the altcoins have experienced this bullrun, some are not pumping at all while some are doing that mildly, maybe January could be the targeted time for the majority of them to go in season.
I think we haven't entered the altcoin season yet, because I see the increase in altcoins has not been able to follow bitcoin, only some altcoins have increased but are still far from ATH.
We should wait for bitcoin to reach ATH again and be more stable for some time before we can see the altcoin season.
It takes patience to invest in crypto, so keep holding on to your potential coins.
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Offline Ujok

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Re: Altcoins season looks uncertain this year.
« Reply #41 on: November 15, 2024, 07:32:15 PM »
In fact most of the altcoins cannot be purchased directly using fiat currency as most buyers first buy bitcoin and then trade it to get other altcoins. But the principle they apply is the opposite. Because first they sell their assets for bitcoin and then convert it to fiat currency. This symbiotic relationship dictates that all altcoins are often tied to bitcoin. However, even if the price of bitcoin increases then the profit is distributed to a very limited number of tokens. Anyway the market of altcoins may take longer to pump because investors are now rushing to bitcoin. So if bitcoin new record is broken then many investors will come back to buy altcoins.

If it has to be with BTC, why is there USDT in every trade? So it's a mistake if altcoins can only be bought with BTC because the alternative to BTC is USDT. In my opinion, altcoins don't want to move up yet, where people are more interested in meme coins at the moment, compared to top altcoins.
Agree, altcoin has not moved yet.. but if we look back altcoin has price changes and this is what people say that altcoin invites big profits even the profits are many times, it's just that altcoin is a trash coin but in all of them it's trash.. investing in altcoins on the top board is highly recommended because of the high level of profit and low risk.

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Re: Altcoins season looks uncertain this year.
« Reply #42 on: November 15, 2024, 10:59:30 PM »
Hopefully there is still a chance for the price to go down first, so I can take some of the targeted altcoins. Waiting for ETH and SOL to go down a bit first, maybe there will be a market correction soon? Because the market trend is still up.
Opportunities to buy again are always there, mate. Let's just wait because the crypto market habit will experience a correction after touching ATH, I am also waiting for a correction from bitcoin because I plan to buy Solanan, BNB and XRP again. and maybe some other potential coins that are in the lidt that I will buy and am still observing.
Yes, it seems like I have to be more patient waiting again. Yesterday it went down, but the targeted rate might have been too small. Maybe before the altcoin season, ETH will go down again to at least $2600? SOL to $200? As for XRP, I'm a little traumatized, but fortunately for XRP and ADA there are already a few, but I don't know which one I'll take later, because funds are also limited. I have to be more careful in choosing coins whose potential increase might be much higher because the capital is not too much.

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Re: Altcoins season looks uncertain this year.
« Reply #43 on: November 15, 2024, 11:06:31 PM »
As the altcoin season has started, only some of the ones we see are not showing a good movement such as ETH, BNB and others while memecoin has always been a bullish trend where many people think memecoin will exceed bullish altcoins.

Doge jumps very high
Other memecoins are also the same we can see how memecoins that have only been launched for a few months are able to reach these large capitalists can beat altcoins that have utility.
It seems like that, although it may not be the peak of the altcoin season, but the increase in altcoins has started in most altcoins. There are even many altcoins that have reached tens of percent increase. This happened because of the effect of the increase in the price of BTC which is indeed very significant.

However, it is true that, usually, the increase in the price of Altcoins in the altcoins seasons will only really happen in full when the price of BTC has started to go sideways. Yes, maybe this is just the beginning, so we should optimize this period to plan to add accumulation, or wait a little longer for correction, if there is one. I believe that the altcoins season will really happen soon, and it's time for us to start making some plans to optimize the TP we are targeting. Please, remind us to be wise and don't be greedy.
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Re: Altcoins season looks uncertain this year.
« Reply #44 on: November 15, 2024, 11:19:52 PM »
. Do you think altcoins season is still likely to happen this year?
Altcoins will always benefit when bitcoin price pumps in indirect way but its not always for all of them, imagine there are thousand of these, most are just memes and useless. Those established projects will and the big ones will probably increase.
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