Capo Of Crypto Says Market Is Similar To 2020 Altcoin Season, What Happened Last Time?

Quick Summary:

The altcoin season, a name which represents a period where the prices of cryptocurrencies, besides Bitcoin, rise rapidly, has become synonymous with the crypto market. Despite predictions that the altcoin season was coming, it is yet to begin even after the Bitcoin price hit a new all-time high.

Also, at this point, investors could be getting ready to rotate profits from BTC into altcoins, speaking the start of another altcoin season.

However, this incredibly bullish period may not be too far off as one of the most popular analysts in crypto, Capo of Crypto, points out an interesting correlation between the current cycle and the 2020 cycle.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Altcoin news Altcoins news Altcoin season Altcoins Crypto Crypto news Analyst Altcoin Altcoin season news Crypto Analyst Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 14:30:10 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21773748

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About Bitcoinist

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Official Website: bitcoinist.com

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Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

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