The next chart shows that Ethereum has just broken its all-time high and will discover a new cost. The area above the current cost marks the cost discovery area. If you're associated with crypto social media, you've surely come across the term 'alt season' far too often. Unfortunately, many analysts have gotten into the habit of announcing the start of an altcoin season every time their preferred crypto asset jumps XNUMX%, sending false signals and leaving the rest of us in the dark if altcoin season is coming. or not. Despite this, alternate seasons are a real phenomenon in the crypto world – understanding when they spring up and how to invest in them can be an essential skill in your investment journey. With Etheruem posting a new all-time high and multiple large-cap altcoins hot on its heels, the exciting news is that it looks like the alt-option era of XNUMX is truly beginning. So, we are going to stay locked in and find out what an alt option season is and how you can take full advantage of it as a crypto investor.
Crypto birds are singing
While it's still early to call it an alternative option season, there are plenty of signs that the alternative option era is on the way. The most important of the early signs is the rising cost of Ethereum. ETH is well known for being the “first mover” and a catalyst for an alternative option season to come. Are we done seeing "first come" come to life? Over the past week, Ethereum set a new all-time high cost, and with that, Ethereum has embarked on what many traders call "cost discovery."
Discovery Price it is simply at the moment when a cryptoactive reaches a previous maximum. Therefore, it is in the process of "discovering" its new cost, and with it, its new all-time high. Cost discovery is a very bullish phase in the life of any asset, during which there is very little free data to forecast how far the cost could rise.
(Image credit: .) This year, we see multiple large-cap altcoins keeping pace with Ethereum instead of waiting in the wings for the next stage of the cost cycle. If this trend continues, Ethereum entering cost discovery could send multiple altcoins reaching their all-time highs, just as Solana did this week. With 2 of the largest alt option coins by market cap posting all-time highs in the same week, could this be another sign that the alt option era is upon us?
What happens in the alternate epoch stays in the alternate epoch
So why should the average investor worry about the coming of the alternative time? Well, if you like simplicity, the next graphic deserves your attention.
(Image credit: .) This chart shows the returns of Bitcoin and six of the largest large-cap altcoins since Bitcoin hit its all-time high earlier this month. As the chart shows, Bitcoin has underperformed all six altcoins over this time period. While somewhat easy in nature, this underperformance of Bitcoin is a key trait of an alt option season and yet another sign that an alt option season may be on the horizon. What is different this year is that many large-cap altcoins are moving together, rather than giving Ethereum its time in the spotlight first. This is an outrageously significant change from historical models and a clear indication that Ethereum now has serious contenders in the DeFi space.
Is it too late to celebrate the alternative option season?
If the alternative option era has already started, it's probably too late to invest, right? Not if history has anything to say in this regard. The next chart shows us the total crypto market capitalization, or the total value of each and every crypto asset, excluding Bitcoin. In other words, the line shows the value of each and every altcoin combined over time.
(Image credit: .) At first glance, there's no doubt that this chart follows some sort of repeating pattern. We can see striking similarities between the 2 periods in question, namely XNUMX-XNUMX and XNUMX-present. The period XNUMX-XNUMX shows an accumulation phase (red line), followed by an alternative option season (cost increase in XNUMX). We can see in the preceding graph that a similar accumulation phase has taken place throughout the period XNUMX-XNUMX. On top of this, we are at the same stage of the cryptocurrency cost cycle today as we were at the beginning of XNUMX. If the model continues to follow the manner established in XNUMX-XNUMX, that could mean that this is just the start of another fallback season.
How can you get involved?
With so much action in the altcoin space, there is no doubt that deciding where to invest in this phase of the cryptocurrency cost cycle has become more difficult than it was just a year ago. We are in the middle of a race to see who will be the first to truly challenge Ethereum's status as the second largest crypto asset by market capitalization, and investor beliefs in this regard could not be more polarized. Deciding exactly what to invest in is difficult, you don't need too onerous fees! Don't worry,
revix makes it easy to access the altcoin share. Revix, a Cape Town-based crypto investment platform, offers crypto investors a great opportunity to add the best performing large-cap altcoins to their portfolios.
******* Zero commissions on purchases *******
Between November XNUMX and XNUMX, you will not pay any fees when you buy Solana, Cardano, Uniswap, Polkadot, or Binance Coin in ZAR or GBP. Support the altcoin that you think will change the planet, take a diverse approach. In any case, you do not pay any acquisition cost. Revix is supported by Sabvest, which is listed on the JSE, and offers access to all of the individual cryptocurrencies that we have listed in this article, such as Bitcoin, Cardano, Ethereum, Polkadot, Solana, and many more.
You can start with just R500. Signing up is quick and easy, and you can withdraw your funds at any time.
For more information, visit www.revix.com.