Don’t Miss Out on Altcoin Season 2: Analyzing Key Phases and Figures

cryptowhiz
2 min readMay 26, 2024

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It suggests that we might be on the brink of an altcoin season, indicating it could be a good time for altcoins to pump.

Investors should closely monitor large-cap price movements and overall market sentiment to confirm this trend.

Phase 1: Bitcoin

  • Bitcoin price jumps 30% in a month.
  • Market cap grows by $200 billion.
  • Ethereum starts getting inflows but lags behind Bitcoin.
  • Ethereum price increases by 10%.

Phase 2: Ethereum

  • Ethereum outperforms Bitcoin, sparking “flippening” talks.
  • Ethereum price rises 40% in a few weeks.
  • Market cap grows by $80 billion.
  • Large-cap altcoins start receiving money.
  • Selected large-cap altcoins increase by 20%.

Phase 3: Large Caps

  • Large-cap cryptocurrencies go parabolic.
  • Large-cap altcoins rise by 50% in a few weeks.
  • Market cap grows by $100 billion.
  • Mid-caps and low-caps begin to gain attention.
  • Some mid-cap altcoins increase by 25%.

Phase 4: Altcoin Season

  • Large-cap altcoins see blow-off tops, increasing by another 30%.
  • Mid-caps, low-caps, and micro-caps pump simultaneously.
  • Market cap for mid-caps grows by $50 billion, low-caps by $20 billion, and micro-caps by $10 billion.
  • Mid-cap altcoins rise by 70%, low-caps by 100%, and micro-caps by 150%.
  • Market sentiment reaches euphoria.

Summary of the Flow

  • Phase 1: Bitcoin surges, leading to a rise in market cap and price. Ethereum starts gaining but slower.
  • Phase 2: Ethereum outperforms Bitcoin with a significant price jump. Large-cap altcoins begin to rise.
  • Phase 3: Large-cap altcoins experience parabolic growth. Mid-caps and low-caps start receiving inflows.
  • Phase 4: Altcoin season begins with significant pumps across all altcoin categories. Market reaches peak euphoria with widespread price increases.

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cryptowhiz

Passionate crypto enthusiast and blockchain advocate. From investing to trading and exploring blockchain applications, I am dedicated to sharing knowledge.