- Sheldon Evans posted a video explaining altcoin season.
- The altcoin season has been the highlight at the end of every Bitcoin price rally.
- Bitcoin gets a breather, attention is turning to lesser-known crypto.
Based on previous years, the altcoin season has remained the highlight at the end of almost every Bitcoin price rally. In fact, on the back of Bitcoin’s recent reviews, a rally in altcoin prices was eagerly expected to occur this year (2021).
While Bitcoin gets a breather, attention is turning to lesser-known crypto. Besides, most of the crypto market is quite poised, ready to gain from a drop in Bitcoin dominance. In fact, the crypto market usually revolves around the view towards Bitcoin.
Notably, altcoin season results when investments in crypto move slowly into altcoins than into Bitcoin. Altcoins are often riskier than Bitcoin, which can be great for the savvy-trader looking to earn some easy gains.
Moreover, Altcoins consist of many categories. Such as exchange tokens, stablecoins, DeFi tokens, oracles, and more. Out of these, while Bitcoin is a store of value, Ethereum is the base of most DeFi platforms.
To add to that, Altcoins provide a wide variety of tools and services. Anyone can get an altcoin. However, what makes an altcoin valuable to many is the service it offers and how much it can pump.