What is altcoin season?

It’s known as “altcoin season.” Altcoins: What Are They? Basically, altcoins are cryptocurrencies that aren’t Bitcoin or Ethereum. In fact, Bitcoin is so dominant in the field that even Ethereum is sometimes referred to as an altcoin. Bitcoin is oldest and largest cryptocurrency, with a total market cap of $885 billion as of December 17, 2021.

Why should you monitor the market cap of altcoins?

Monitoring the market cap of altcoins can also provide insights into altcoin season. During this period, the total market cap of altcoins increases significantly, indicating a shift in investor sentiment and increased demand for alternative cryptocurrencies.

What cryptocurrencies are considered altcoins?

The TL;DR version is that any cryptocurrency other than bitcoin is considered an altcoin. Some of the most famous altcoins to date include Ethereum, Litecoin, XRP, and Tether. From mining coins and stablecoins to utility or security tokens, there’s an altcoin that satisfies to almost anyone’s needs and wishes. What happens during Alt season?

Are altcoins a good investment?

After a large runup of Bitcoin, an investor’s projected future growth or value of an asset might change compared to the price of investing. So, with inflated Bitcoin values, it’s possible that altcoins could be a better investment going forward. And if enough investors and traders make that decision, they will be.