{"id":30724,"date":"2024-03-28T23:01:19","date_gmt":"2024-03-28T23:01:19","guid":{"rendered":"https:\/\/icoinmarket.com\/45-days-until-altcoin-season-how-to-prepare\/"},"modified":"2024-03-28T23:01:19","modified_gmt":"2024-03-28T23:01:19","slug":"45-days-until-altcoin-season-how-to-prepare","status":"publish","type":"post","link":"http:\/\/icoinmarket.com\/45-days-until-altcoin-season-how-to-prepare\/","title":{"rendered":"45 Days Until Altcoin Season: How to Prepare"},"content":{"rendered":"
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As the horizon brightens with the anticipation of another altcoin season, investors are on the lookout for the next big cryptocurrency. <\/p>\n
With a diverse range of tokens gaining traction, the market is ripe with opportunities for those willing to dive into the depths of blockchain technology and its myriad applications.<\/p>\n
According to renowned analyst Rekt Fencer, altcoin season might be around the corner. This optimistic outlook suggests it is now the time to select the right low-cap cryptocurrencies, aiming for the elusive 100x returns that many dream of.<\/p>\n
For this reason, it is crucial to understand the sequence of a typical bull run. Ran Neuner, a\u00a0South African entrepreneur, explained that altcoin season traditionally starts with a surge in the price of Bitcoin. This is followed by Ethereum and then high-cap cryptocurrencies such as Solana and Avalanche. <\/p>\n
\n\u201c[Bitcoin is] attacking the all-time high with huge momentum. Now, the reality is that as soon as that all-time high is breached [again], and it could happen as soon as today, it is like the gun goes off for altcoins, and the race begins,\u201d Neuner said.<\/p>\n<\/blockquote>\n
Neuner pointed out that becuase Bitcoin surpassed its previous all-time high, altcoins could also reach new highs about 70 days later. It is worth noting 22 days following Bitcoin\u2019s peak, altcoins often undergo a correction period. <\/p>\n
Read more: Which Are the Best Altcoins To Invest in April 2024?<\/p>\n