Xcoins™ Official

Anticipating Altcoin Season: Best cryptos to buy now
December 3, 2024

Anticipating Altcoin Season: Best Crypto To Buy Now

December 3, 2024

After years studying the cyclical nature of cryptocurrency trends, one of the most intriguing phenomena is the Altcoin Season—a time when alternative cryptocurrencies (altcoins) outperform Bitcoin. I believe we’re on the brink of this pivotal phase, and here’s my perspective on what it means and how to prepare for it.

What Is Altcoin Season?

Altcoin Season is a unique market phase where altcoins experience significant price surges relative to Bitcoin. Historically, it has delivered incredible opportunities for those who anticipated its arrival and positioned themselves accordingly.

However, predicting its onset is never easy. The secret lies in watching what others overlook—identifying promising altcoins while Bitcoin and Ethereum dominate the headlines. This approach requires boldness to act early, leveraging a calculated risk-reward strategy.

Learning from the Past

One of my core beliefs is that the best way to predict the future is by analyzing the past. Looking at historical data, we notice distinct timing patterns between Bitcoin’s market cycles and the performance of altcoins:

historical analysis of altcoins tech analysis 2024

Source: TradingView, weekly chart

Comparison with Bitcoin

When we compare the performance of Bitcoin and the performance of Altcoins, we can see that:

comparison altcoins vs bitcoin trading view weekly chart

Source: TradingView, weekly chart

  1. Altcoin Lows (yellow ellipsis): These typically occur 8–9 months after Bitcoin hits its cycle lows.
  2. Altcoin Highs (purple ellipsis): Peaks in altcoin performance often follow Bitcoin’s cycle highs by 2–4 months.

For instance, with Bitcoin’s last cycle low recorded in January 2023, it’s likely that altcoins have already reached their cycle lows. Based on these patterns, we can project that the next altcoin peaks could occur between March and November 2025.

Signs of the Early Altcoin Season

In my recent analysis of the Altcoin Dominance chart seen above (excluding the top 10 cryptocurrencies), I noticed a significant development: the chart has bounced off the base of its ascending channel and is beginning to turn upward. The price action suggests we are at the start of a new bullish phase for altcoins.

Additionally, we observed strong performances in specific altcoins:

GALA, MANA, SAND, and DOGE (see below): These coins have experienced remarkable recent revaluations, signaling growing market interest.

Altcoin trading view weekly chart GALA, MANA, SAND, and DOGE

Source: TradingView, weekly chart

 

AXS: Axie Infinity has broken its descending trendlines and exited its consolidation zones, showcasing immense bullish potential.

AXS projections Trading View weekly chart

Source: TradingView, weekly chart

What’s Next for Altcoins? Projections of Altcoin Season Highs

By studying the rate of ascent in the above chart during previous altcoin seasons, we can try to estimate the following trajectory for the upcoming cycle:

Altcoin season projections Trading view weekly chart

Source: TradingView, weekly chart

  1. Short-Term Momentum: Altcoins will likely gain traction as Bitcoin approaches its next peak, driven by renewed investor confidence.#
  2. Peak Opportunities: Altcoins are expected to reach their highs 2–4 months after Bitcoin peaks. If historical trends repeat, these peaks could occur between March and November 2025.

Investment Opportunities

If you’re considering taking advantage of this Altcoin Season, here are some strategies that can be assessed:

  1. Anchor Your Portfolio with Bitcoin and Ethereum
    • These two cryptocurrencies remain the backbone of the market. They provide stability and should form the foundation of any crypto portfolio.
  2. Focus on High-Potential Altcoins
    • Look for altcoins with strong fundamentals, active ecosystems, and innovative use cases. Promising candidates include:
      • Solana (SOL): Known for its scalability and high-speed transactions.
      • Avalanche (AVAX): A leader in blockchain interoperability.
      • Axie Infinity (AXS): Dominating the play-to-earn gaming sector.
  3. Diversify Your Investments
    • Avoid overcommitting to a single altcoin. Diversification helps mitigate risks while maintaining exposure to potential high-growth projects.
  4. Stay Informed with Tools
    • Leverage tools like the Xcoins Crypto Calculator to track real-time prices and evaluate your holdings effectively. Accurate information is crucial for timely decisions.
  5. Practice Risk Management
    • The cryptocurrency market is inherently volatile. Only invest what you can afford to lose, and keep an eye on the broader market trends to minimize unnecessary risks.

Why I Believe Altcoin Season Is Here

In my view, we are standing at the threshold of another exciting Altcoin Season. While Bitcoin and Ethereum continue to dominate, the conditions are aligning for altcoins to take center stage. I’ve seen this before: the calm before the storm, when those who act decisively often reap the greatest rewards.

As we approach the projected peaks of March to November 2025, I encourage investors to stay vigilant, study the market, and position themselves strategically. Altcoin Season is not just an opportunity—it’s a chance to redefine portfolios and maximize returns. But remember, this market rewards diligence and patience. Not every altcoin is a winner, and careful selection is the key to success.

The crypto market is full of potential, and with the right approach, this Altcoin Season could be the next big deal for all of us.

Disclaimer
The information provided in this analysis is for informational and educational purposes only. Technical analysis relies on historical data and probabilities and does not guarantee future performance. Always conduct thorough research and consult a financial advisor before making investment decisions.

 

Subscribe to our newsletter

    Leave a Reply

    Your email address will not be published. Required fields are marked *