What is altseason and when will it start.

In the world of cryptocurrency, there are many interesting and quite promising directions in investing. Along with this, there are many tools. Some are more successful, others are used less frequently. For example, there is a concept known as altseason. This tool is related to altcoins, hence its name. 

In general, while exploring the world of cryptocurrency, understanding what altseason is will be useful for all newcomers. Besides knowing what it is, it is also worth studying the signs of altseason and what to do with this information. Overall, the altseason indicator is useful, but only in skilled hands. 

What is altseason and how does this indicator work? 

So, when figuring out what it is, the indicator should always be associated with altcoins. These are cryptocurrencies that are very similar to bitcoins. The indicator shows that a period has begun (which is usually quite long) when altcoins are increasing in price. Usually, in this context, bitcoin is always mentioned. That is, altcoins are growing higher than bitcoin (the most popular and often expensive currency in the cryptoworld). 

What is characteristic of altseason: 

1. First and foremost, it refers to very large investments specifically in altcoins. 
2. This currency is often used specifically in trading. Trading volumes are colossal. 
3. Altcoin consistently outperforms bitcoin. 

Altseason also has its signs. What it refers to: 

1. The authority of bitcoin sharply decreases. Its dominance also falls. This is an indicator of bitcoin's share in the total market volume of cryptocurrencies. When it decreases, it often signals the beginning of altseason.
2. At the same Time, prices for other currencies, particularly altcoins, rise. Cryptocurrencies like Ethereum, Cardano, Solana, Polkadot begin to grow faster.
3. At the same time, the popularity of small tokens is increasing. Investors actively buy lesser-known altcoins in search of high profits.

Based on all these signs (one or several), one can understand that altseason is about to begin. 

Reasons why altseason arises

In general, for this to happen, a combination of factors is needed. All of them gradually stimulate the process. Why does it happen: 

1. Bitcoin is actively losing its positions. When the price of bitcoin stabilizes or slows down its growth, investors begin to seek new profit opportunities. Altcoins become a logical choice.
2. New projects emerge and new technologies are implemented. The appearance of promising cryptocurrency projects with unique features, such as DeFi (decentralized finance), NFTs (non-fungible tokens), or metaverses, stimulates the influx of investments into altcoins.
3. During periods of cryptocurrency market growth, altcoins show the highest return, attracting more participants.
4. One must also not forget about the manipulations of large players. Whales and institutional investors can artificially heat the altcoin market to extract profit.

All of this is enough for altseason to not only start but also continue for a certain period of time. 

In general, if we talk about prospects, it is also difficult to plan such a process. By the end of this year, favorable circumstances may arise for altcoins to come to the forefront. How to track this process: 

1. Keep an eye on bitcoin. In 2024, a decline in bitcoin's market share below 40-45% may indicate the beginning of altseason.
2. One can also monitor the growth of interest in new technologies. They may also quickly launch altseason in 2024. 
3. The introduction of understandable legislative norms in Ukraine and other countries may increase trust in cryptocurrencies and boost interest in altcoins.

In other words, by some signs, one can even notice when altseason will begin. 

How to be ready for altseason? 

Even a novice can prepare for altseason. First, you need to study the market. Choose promising altcoins for investment, and also evaluate the projects behind these tokens. It may also be helpful to track indicators. For example, monitor bitcoin's dominance. Do not forget about the growth of the market capitalization of altcoins. Staying updated with the news would also be beneficial. 

As a tip, when you need to wait for altseason, do not invest all your money in one token. Spread your investments among major altcoins (Ethereum, Cardano, Solana) and promising projects. It is also always better to use only reliable platforms. We are talking about popular exchanges like Binance, Coinbase, Kraken. Also, make sure they comply with Ukrainian legislation.

It would also be helpful to protect your assets. To do this, use hardware wallets to store cryptocurrencies, and also enable two-factor authentication on exchanges.

In general, altseason is an opportunity for significant capital growth, but it requires preparation and a conscious approach.