An Altcoin season is born just to pump and dump.
From high-priced coins, hot coins, top trend coins,... to hint coins related to Trump and Elon Musk will see x100-200 times like some previous altcoin cases,...
All of this is aimed at dumping before the crowd's expectations.
For example, if the crowd shouts a target of 100M, then around 20-30M is already a good dump.
Coins in this season have basically already surged significantly before users catch on, and even Cex or Dex coins are in the same situation.
There are more and more altcoins, but looking at the DOM, we can see that the market share for altcoins is increasingly being squeezed.
Do you think the DOM will rise to 70% and then sideways there, waiting for the next cycle?
The rules of the game have probably changed this season!
- The altcoin season will never happen, and the DOM for $BTC will never return to the 40% mark as many think anymore.
- The DOM will only fluctuate in the 5x-7x range, and the trend will gradually increase instead of sharply decreasing like in previous seasons before rising.
--> $BTC will move within this range instead of dropping too deep to 40% and 50% like before.
- And the number of altcoins is increasing every day, but they still cluster within the remaining 30-40% of the total market share.
--> The more altcoins there are, the more the market cap for altcoins gets divided, so it can be said that it's like sifting through trash to find gold.
There’s no longer the story of holding for the long term; now holding means taking small profits and losses, and now it’s all about quick trades.
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