Believe It Or Not, Bitcoin Maxis, Altcoin Season Might Not Have Yet Begun

Because Bitcoin is the first ever cryptocurrency, it often has a cult-like following of investors who won’t touch an altcoin no matter the potential ROI or promise behind the technology. But the recent alt season has investors in profit from the bull run converting BTC into other coins in search of better performance. After such an incredible run by assets like Ethereum, Cardano, Solana, Dogecoin, and several others, and the fact Bitcoin is building momentum, the expectation is now that BTC dominance will soon reverse, and altcoins will see some reckoning as a result. However, according to the Relative Strength Index on monthly BTC.D charts, altcoin season might not yet have even started. Bitcoin Dominance Takes A Hit, But The Fall Might Just Have Begun An altcoin season is defined as a period of time when alts outperform Bitcoin by a large margin. The top cryptocurrency’s 200% returns of 2021 are shocking by normal standards, by compared to the run that Dogecoin, Solana, or Cardano have had since the year began, it is a meager milestone at best. Related Reading | Bitcoin Golden Cross: Everything You Need To Know About The Bullish Signal Most cryptocurrencies have been beating Bitcoin in both USD growth and on the BTC ratio. Such altcoins are often trending, shooting up in price after a listing or sometimes for no reason at all. All signs point to an altcoin season that has already produced life-changing resul...