
When Will Altseason Begin? Which Altcoins Should You Be Paying Attention To?
The cryptocurrency market has been experiencing a tumultuous ride in recent times. The bearish signals and the rejection of the altcoin market cap at its all-time high ($1.71 trillion) have raised concerns about an impending alt season. However, it is essential to understand that there is no clear indication of when this season will begin.
There has been speculation about Bitcoin’s dominance impacting the performance of other cryptocurrencies in the future. In the past, the correlation between BTC and altcoins was evident, but recent data suggests a growing divergence. This anomaly could potentially be used as an opportunity for investors to diversify their portfolio and invest in undervalued assets before they gain momentum.
As the market fluctuates, several factors should be taken into account when deciding which altcoins to focus on. These include the project’s fundamentals, growth potential, and scalability. The current situation is reminiscent of the 2020-21 cycle when a golden cross was seen, which eventually led to an explosive Q1 in the following year.
In this scenario, it would be wiser to ignore the memecoin FOMO (Fear Of Missing Out) and instead focus on projects with solid fundamentals. A few notable examples include Worldcoin, Uniswap, AAVE, Chainlink, Ondo, Solana, and Binance Coin.
Source: coinpedia.org