It’s been a while since the last altcoin season, but the market is starting to heat up again. If you’re looking to get in on the action, here are 10 coins to buy ahead of the next altcoin season.
Altcoin season is when crypto investors tend to see the most significant gains in altcoin prices. While there is no set date for altcoin season, it generally occurs after Bitcoin has had a strong bull run and begins to plateau.
Did you know: Altcoin season is a vital driver of the crypto market’s long-term growth? Investors can maximize their returns by investing in promising projects during these periods of price appreciation.
What is the Altcoin Season?
Altcoin season is the time of year when investors shift their focus from Bitcoin to altcoins. Altcoins are alternative cryptocurrencies that typically have a lower market cap than Bitcoin.
During altcoin season, investors may sell their Bitcoin holdings and buy altcoins to make profits. While there is no precise time frame for altcoin season, it typically occurs after Bitcoin has experienced a period of significant gains.
It can create a domino effect, with investors selling Bitcoin to buy altcoins while prices are still high. As a result, altcoin prices may surge during this period.
Moreover, note that the altcoin season is highly speculative and risky. Prices can quickly fall and rise, so investors should be prepared for volatility.
10 Coins You Should Buy Ahead of the Next Altcoin Season
As anyone following the cryptocurrency markets is aware of the fact that we’re in the midst of a prolonged bear market. While there are some hopeful signs that a turnaround may be on the horizon, it’s still too early to say.
In the meantime, many investors focus on finding the best coins to buy before the next altcoin season. So, what are the 10 coins that you should add to your portfolio before the next altcoin season?
1. Bitcoin
Of course, no list of coins to buy before the next altcoin season would be complete without Bitcoin. The granddaddy of all cryptocurrencies, Bitcoin is still the most widely accepted and valuable digital currency.
2. Ethereum
Another cryptocurrency that will see strong growth in the next altcoin season is Ethereum. The Ethereum network provides a powerful platform for developers to build decentralized applications.
3. Litecoin
Litecoin is an appealing option for many cryptocurrency users, with faster transaction times and cheaper fees.
4. Monero
Monero is a privacy-focused cryptocurrency that offers anonymous transactions. If privacy is a significant concern for you, Monero should be high on your list of coins to buy before the next altcoin season.
5. Dash
What makes Dash stand out from other cryptocurrencies is its unique governance model. It allows users to have a say in how the network is run. In addition, Dash offers fast transaction times and low fees, making it a popular choice for digital payments.
6. Zcash
Like Monero, Zcash is a privacy-focused cryptocurrency. However, Zcash takes things a step further with its “zero-knowledge” cryptography, which makes it impossible to trace transactions on the network.
7. Augur
Augur is a decentralized prediction market built on the Ethereum network. Augur allows users to bet on the outcome of events and can be used for everything from sports betting to election forecasting.
8. Stellar
It is a decentralized protocol for sending and receiving payments using fiat currencies or digital assets. Stellar also offers low-cost remittances and microfinance services to developing countries.
9. Solana
Solana is well-positioned to benefit from the growing demand for decentralized applications (dApps). Solana is designed to be a high-performance blockchain capable of processing thousands of transactions per second. Solana is worth keeping an eye on. IOTA: IOTA is a blockchain-based platform designed for the Internet of Things (IoT).
10. Polygon
Polygon is a platform that makes it easy to build and deploy dApps on Ethereum. In terms of liquidity, Polygon is listed on numerous significant exchanges, including Binance and KuCoin.
It means it should be relatively easy to buy and sell, even if prices rise quickly. As the market starts to heat up.
How to Know if it is Altcoin Season?
Anyone in the cryptocurrency world will be all too familiar with the term “altcoin season.” But what exactly is altcoin season? And how can you tell if it’s upon us? In general, altcoin season refers to when altcoins (i.e., any coin other than Bitcoin) start to rise relative to Bitcoin.
While there is no surefire way to know if altcoin season is upon us, there are a few key indicators that you can look out for.
- Keep an Eye on the Market
Keep an eye on the total market cap of all cryptocurrencies. If this starts to rise sharply after a period of stagnation, it could be a sign that investors are looking for alternatives to Bitcoin.
- Pay Attention to the Trading Volume
After that, you need to pay attention to the trading volume of individual altcoins. If there is a sudden spike in trading activity, it could indicate that investors are piling into specific coins in the hope of making quick profits.
- Monitoring
Monitor the price action of Bitcoin itself. If BTC starts to flatline or even fall while altcoins are rising, it’s a vital sign that altcoin season is in full swing! So there you have a few key ways to tell if altcoin season is upon us. Happy hunting!
The Bottom Line
The next altcoin season is coming, and it’s time to start stocking up on coins. While no one can predict which coins will surge in value next, there are a few contenders worth looking at.
In this article, we’ve highlighted 10 coins to buy ahead of the next Altcoin Season that could see significant gains in the next altcoin season.
Whether you decide to invest in these particular coins or not, remember that it’s important to do your research before investing in any cryptocurrency.
