Definition:
Alt season is a shortened form of the term ‘altcoin season.’ It is a type of cryptocurrency market cycle where the price of altcoins increases relatively quickly. This price movement can occur with or without the influence of Bitcoin’s dollar value. During this market cycle, the price performance of altcoins also usually exceeds that of Bitcoin.
Explanation:
Generally, the price of altcoins tends to be stagnant or very slow-moving. However, once in a while, the value of all altcoins will increase quickly in a short period of time.
The duration of this market cycle varies, lasting anywhere from a few days to several months. As a result of this uncertainty, many investors try to maximize their profits during this time. The rate and intensity of the price increase during alt season also varies significantly. During mid-December 2017 to early January 2018, some altcoins increased by as much as 20 to 100 times their pre-alt season values.
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