Alt season 2024 is here. This will last for a few months after which a retracement will begin. Maximizing profits in alt season 2024 will be a challenge for most crypto investors.
Since 12 months we have been shouting it from the rooftops: “the new crypto bull market is here”. Hardly anyone was listening at the time. Now, with the hype surrounding the Bitcoin ETF, the world has suddenly woken up and started chasing crypto, just at a time when BTC is setting a local top. Today we are on record forecast: alt season 2024.
Update: February 14, 2024: Analyst: Crypto Alt Season 2024 Begins This Week
Similar to our ‘new crypto bull market is here’ call a year ago, we see disbelief in our latest ‘alt season 2024 is here’ call. And that’s fine, that’s the way it has to be, because sentiment by definition has to be awful at the start of a bull market.
Altcoin season 2024
Once again the masses are looking in the wrong direction, it’s not Bitcoin but a few alts that will do extremely well in 2024. It won’t be the usual suspects that will be the stars in 2024.
Alt season 2024 will not be like the one in 2020/2021, when really all cryptocurrencies were explosive. The upcoming 2024 alt season will be twofold.
What we are saying is this – the crypto bull market 2024 will be a HIDDEN BULL MARKET. Consequently, some alts will do well, but not all. Forget the crypto bull market of 2021, when all cryptocurrencies were explosive at the same time. It won’t happen this time, at least not in 2024, maybe in 2025.
Bi-furcation, which is the fact that not all tokens move higher (in price) at the same time, will make it very difficult to spot the trends. The good thing about bi-furcation is that, at a minimum of 99.9%, the whole world will only find out about the crypto bull market when most tokens are trading at least 3x higher, and that’s when it will be way too late be to enter.
Related – Could the price of Solana (SOL) exceed $1,000 by 2030?
Crypto prediction – altcoin season will happen in 2024
The first question to solve: when will alt season 2024 kick off?
Essentially, the first leg of this new alt season has already been completed. It started in October 2023, and it is now hitting resistance.
The chart we use to make this point excludes the market cap of crypto markets. BTC and ETH. There is no better way to track what altcoins are doing. This is one of the charts we use in our premium crypto service to time our entries and exits, but also to understand the level of participation in the altcoin universe.
Key takeaway from this chart: excluding once 509 billion market cap. BTC and ETH are exceeded, alt season 2024 will officially kick off.
Chart update: March 1, 2024.
Bitcoin Dominance – The Great Crash of 2024
The chart above makes sense when viewed alongside Bitcoin’s dominance, below, which is breaking down. After 12 months of dominance, BTC gives up.
Chart update: March 1, 2024.
No surprise, this BTC dominance break comes at a time when the long-awaited BTC ETF approval took place.
Buy the rumor, sell the news.
The problem with this is that the majority of investors waited to enter crypto markets, probably via one of the Bitcoin ETFs, until the approval was confirmed.
It’s too late, way too late.
The focus is wrong. It’s not Bitcoin, but altcoins where the big, big money will be made…only by a lucky few though.
Anecdotal evidence: even the hashtag #altseason on X is boring fodder. Our crypto prediction: posts with this hashtag will be full of excitement by the summer of 2024, when it will be too late to take positions.
Alt season 2024 will start with a drop
Probably, before alt season 2024 will kick off, it may come with a drop in BTC. In a way, it makes sense that an explosive run starts with a drop. The market loves to deceive bulls, especially at the beginning and end of bull markets.
The BTC chart says it all – 45.6k, the bullish price forecast we shared with premium members in the summer of 2023, now offers major resistance. This chart with these annotations has been shared with premium members for almost a year, with targets and patterns annotated on the chart (below).
Chart update: March 1, 2024.
Zooming out, it becomes clear that a drop in BTC will simply reinforce the long-term bullish structure, in the context of a 7-year ascending channel. It is very bullish, long term, but a decline is very likely, the decline that will lead to alt season 2024 (once the decline will be complete).
Two-form altcoin market – hybrid alt season 2024
As recently explained, alt season 2024 is based on our prediction of a hidden crypto bull market.
Here’s the bad news: the crypto bull market will be hidden, the majority of investors will only find out once top tokens have risen way too high.
Investors will be looking at the hottest altcoins of 2023. Think Solana, think Stacks, think Fetch.ai.
The new trend emerging in cryptomarkets will appear in other tokens. Here is an illustration of one of the winners (subscribe): this cryptocurrency can rise up to 8x.
Are you ready for a complicated alt season 2024?
Here’s the good news: subscribers to our premium service will be well positioned to catch the multi-baggers of 2024.
Even in 2023, which is widely accepted as ‘crypto winter’, we have the following multi-baggers tipping our members:
Fetch.ai – strong buy sent to members two days before an 800% rally started. Thorchain – buy alert sent to members the day a 600% rally started. Optimism – warm recommendation sent to members before a 300% rally started. Solana – strong buy sent to members when it was trading between 20 and 30 USD by summer time.
The list is much longer.
Some tokens like XRP have yet to explode, but some laggards look poised to move much higher in March and April of 2024, before hitting a local top.
We are confident that we will help our premium members in 2024, similar to how we helped them with highly accurate alerts, perfect entries, great altcoin tips.
Read our crypto research articles
This is how we guide our premium members:
Which Cryptocurrencies to Buy Now? (29 Feb 2024) Breaking Out Meme Coins. Here are our top three. (26 Feb 2024) The highest risk reward Solana Play – a 100x candidate (18 Feb 2024)
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Disclaimer: This is not financial advice. Please consult a financial advisor before making any investments.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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