RATE Group | Crypto Trader Predicts Nearing Alt Season as Bitcoin Dominance Weakens
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Crypto Trader Predicts Nearing Alt Season as Bitcoin Dominance Weakens

16 Jul Crypto Trader Predicts Nearing Alt Season as Bitcoin Dominance Weakens

Posted at 03:36h in Bitcoin News by

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An alt season (altcoin season) is something that virtually all crypto traders look forward to. It is a time where all cryptocurrencies other than bitcoin exponentially grow in value. From large caps to small caps, these digital coins can rise anywhere by 2x to 100x. If you’re finding the previous statement difficult to believe, that’s likely because you were not around the last time these crypto tokens pumped.

A crypto trader who goes by the name Paddy stash on Twitter has a reason for that. In a series of tweets, the analyst revealed why there hasn’t been an alt season in nearly two years and why we’re due for one soon.

Total Altcoin Market Cap Following the Same Pattern for Over Half a Decade

One of the tenets of technical analysis is that history tends to repeat itself. What happened in the past is very likely to happen again. We’re seeing this principle play out in the chart of the total altcoin market cap thanks to Paddy Stash.

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