Entity: ALTCOIN-SEASON
Altcoin season, also known as alt season, is a period in the cryptocurrency market when alternative coins outperform Bitcoin, leading to a surge in their prices and market dominance.
ALTCOIN-SEASON
Etymology
The term 'Altcoin season' is derived from 'altcoin', which stands for alternative coins, and 'season', indicating a specific period or phase.
Definition
Altcoin season, also known as alt season, refers to a phase in the cryptocurrency market where altcoins experience a rapid increase in price and market dominance, surpassing Bitcoin's performance.
Historical Context
Altcoin season has been observed multiple times in the history of the cryptocurrency market, often coinciding with shifts in investor sentiment and interest from Bitcoin to alternative coins.
Cultural Significance
Altcoin season is significant for traders and investors as it presents opportunities for potential profits and diversification of cryptocurrency portfolios.
Related Concepts
- Bitcoin dominance
- Cryptocurrency market cycles
See Also
Altcoin season, or alt season, refers to a phase in the cryptocurrency market where altcoins experience a rapid increase in price and market dominance, surpassing Bitcoin's performance.