Altcoins

Altseason on the Horizon, These Altcoins May Go Parabolic to Manifest Extreme Bull Run!

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Mar 23, 2022

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The altseason appears to be fast approaching and hence many assets are currently awaiting a major push. Altcoins had attempted to rally since the beginning of the current month, however, a deep plunge halted the trend at the moment. Yet the possibility of ranging towards the south surfaces, placing the traders in a pretty misty environment. So now that the altcoins are fading away, is it a good idea to stack them more? 

Altcoins currently appear to have calmed a little after undergoing a significant uptrend while ETH prices ranged high beyond $3000 after a pretty long time. Cardano‘s price also surpassed $1 during these times and many altcoins displayed huge potential to range high. But very soon again consolidated within narrow regions. Now when many think the interest in the Altcoins has faded away, one of the popular analysts believes it may be the right time to accumulate them. 

The analyst believes that the assets bought when no one is particularly interested in them may attract more profits than the time when it is in the hype. And hence this is when it may be the beginning of the upcoming season. As more than 4x to 5x price jump may be expected ahead, mirroring the previous rallies. 

Which Altcoins May be Considered for the Upcoming Season?

Many believe that Altseason is at the foothill and hence with another leg down in the BTC Dominance, the season may kick off. The top cryptos like Cardano(ADA), Solana(SOL), Polkadot(DOT), Polygon(MATIC), etc may be considered. On the other hand, the DeFi tokens like Terra(LUNA), Avalanche(AVAX), Fantom(FTM) etc. And the NFTs like Apecoin(APE), Axie Infinity(AXS), Pancakeswap(CAKE), etc may lead to the Altcoin surge. 

While in 2021, the Altcoin season was kicked-off by Dogecoin(DOGE) and later in the second half partially by Shiba INU. Currently, the crypto-verse is awaiting another gigantic rally by any of the crypto assets that could ignite another monstrous altseason somewhere in the mid of Q2 2022. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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