When Altseason?
- ALTS/USD -
As priced in USD, altseason has been ongoing for almost 2 years now. If your alt hasnโt been climbing in USD terms during this period of time, then consider you might be holding junk. Other alts have been gaining in USD terms. [chart 1]
- ALTS/BTC -
As priced in BTC, altseason hasnโt yet even begun, as bitcoin dominance continues trending higher. At some point this will change and alts will outpace BTC, but that leg of the journey hasnโt begun yet. [chart 2]
As you can see, itโs possible for ALTS to go up as priced in dollars while bleeding against BTC. This means itโs better to hold BTC until the ALTS/BTC chart finally starts heading up (when bitcoin dominance heads down). That portion of each crypto cycle is usually fairly short livedโ about 1 of every 4 years.
- SUMMARY -
So, when altseason?
A long time now, as priced in USD.
Hasn't started yet, as priced in BTC.
The next time someone asks you "When Altseason?" Your correct response is to ask them: "As priced in BTC or USD?"
If they say "USD", then reply "it's been Altseason since 2023". And if their coin hasn't been going up, they are holding garbage.
Thanks. I hope this clarifies.
