Don’t Miss Out on Altcoin Season 2: Analyzing Key Phases and Figures
2 min readMay 26, 2024
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.