Giddy investors gird for ‘altseason’ as the rest of crypto tracks Bitcoin’s surge – DL News
- Earliest signs of an altcoin season are emerging, analysts say.
- Many big cap coins have enjoyed triple digit gains.
- Past cycles offer a guide of what’s to come.
Forget Christmas. Altseason is upon us.
Altseason is a period when interest – and prices – surge for cryptocurrencies other than Bitcoin.
In the 2017 bull cycle, for instance, alternative cryptocurrencies multiplied in value thousands of times within a few short months, triggering a shower of riches for newly minted investors in the space.
Now, with the value of the OTHERS altcoin index soaring 76% since early November, to $334 billion, a new golden age appears to be dawning for Bitcoin’s offspring.
“It’s far from a nothingburger, we’re on the brink of a full-blown…
