Entity: ALT-SEASON
Alt-season refers to a period in the cryptocurrency market cycle where many altcoins experience significant price increases against both the US dollar and Bitcoin, often surpassing Bitcoin's performance. This phase typically occurs after Bitcoin reaches a new all-time high or undergoes a halving event.
ALT-SEASON
Etymology
The term 'alt-season' is derived from 'altcoins,' which refers to all cryptocurrencies other than Bitcoin.
Definition
Alt-season is a slang term used in the cryptocurrency community to describe a market phase where altcoins surge in value, outperforming Bitcoin. This period is characterized by a significant increase in the prices of various altcoins against both the US dollar and Bitcoin.
Historical Context
Alt-season typically begins after Bitcoin reaches a new all-time high or undergoes a halving event. During alt-season, the total market value of altcoins combined starts to represent a larger share compared to Bitcoin.
Cultural Significance
Alt-season is a significant phenomenon in the cryptocurrency market as it provides opportunities for investors to diversify their portfolios and potentially earn substantial profits from altcoin investments.
Related Concepts
Altcoin season, altseason
See Also
Alt-season is a slang term used in the cryptocurrency community to describe a market phase where altcoins surge in value, outperforming Bitcoin.