What is Alt Coin Season

What is Alt Coin Season

Are you interested in the world of cryptocurrency? If so, then you may have heard people talk about “alt coin season” and wondered what it means. Put simply, alt coin season is a time when alternative coins (or “altcoins”) outperform Bitcoin in terms of market performance. So, why does this happen? Let’s take a look at what alt coin season is all about. 

What are Altcoins? 

Before we can understand why alt coin season occurs, we need to understand what an altcoin is. An altcoin is any cryptocurrency that isn’t Bitcoin. This includes popular cryptocurrencies like Ethereum, Ripple, Litecoin, and Dogecoin--just to name a few. While Bitcoin remains the most well-known cryptocurrency on the market, there are many others that can offer different benefits. For example, Ethereum has been lauded for its smart contract technology while Ripple offers fast transaction speeds. 

Why Does Alt Coin Season Occur? 

Alt coin season typically occurs after a long period of bearishness in the crypto markets. During these times, investors tend to shift their focus away from Bitcoin and towards other cryptocurrencies they believe will bring higher returns on investment or offer more exciting use cases than Bitcoin. As more investors pour money into these alternative coins (or “altcoins”), their prices rise—which drives up the overall value of the market as a whole.  This increased demand often leads to an overall increase in price for all cryptocurrencies—not just the ones making headlines at the moment—which can often be seen as an indicator for future bullishness in the crypto markets as well as an opportunity for investors to make profitable investments in promising projects before they become mainstream investments.    

Alt coin season can be both exciting and overwhelming for those looking to invest in cryptocurrencies. On one hand, it represents a great opportunity to make profits off of lesser-known projects that may have potential; on the other hand, it can also be risky if investors don’t do their due diligence before investing their hard-earned money into projects that may not pan out as expected. Ultimately though, understanding what causes alt coin season and how it works will help you make smarter investment decisions when it comes to crypto currencies moving forward!