Crypto Expert Hints at When the Next Altcoin Season Is Expected to Start
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- August 24, 2024
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Cryptocurrency analyst and expert Ash Crypto, known on social media as @Ashcryptoreal, has recently shared insights on the timing and phases of the next anticipated altcoin season. In a detailed post, Ash Crypto breaks down the cycle of altcoin market movements and provides an estimate of when investors might expect the next significant rally.
Understanding the Altcoin Season Phases
According to Ash Crypto, the altcoin season moves through several distinct phases:
- Phase 1: Pre-Halving Rally
This initial phase begins before the Bitcoin halving event. During this time, altcoins start to show signs of rallying in anticipation of the halving. - Phase 2: Pause and Pullback
Following the initial rally, the market experiences a pause. Altcoins typically undergo a pullback during this phase. The next phase is triggered when prices break through the previous peak. - Parabolic Phase 1: Strong Growth
This phase is characterized by significant strength in the altcoin market. A powerful parabolic move can be observed, often occurring over a short period and resulting in massive gains. Ash Crypto suggests that altcoins can potentially see 2x to 5x returns during this rally. - Pullback: Brief Relief
A short relief period follows the first parabolic phase, setting the stage for a second rally. - Parabolic Phase 2: Secondary Growth
While not as strong as the first parabolic phase, this second rally provides additional gains for altcoin holders. Ash Crypto advises that this could be the final opportunity to sell altcoins for those who haven’t taken profits during the first rally.
When to Expect the Next Altcoin Season
Ash Crypto’s analysis indicates that the market is currently in the middle of Phase 2. This suggests that investors may still have opportunities to add altcoins to their portfolios before the onset of the Parabolic Phase.
While precise timing is difficult to predict, Ash Crypto offers an estimate based on previous market data. According to the expert, the next altcoin season could potentially begin around November to December 2024.