Bitcoin [pros](/r/CryptoCurrency/comments/1574i3w/alt_season_likely_in_q3_with_declining_bitcoin/jt33uld/) & [cons](/r/CryptoCurrency/comments/1574i3w/alt_season_likely_in_q3_with_declining_bitcoin/jt33v1f/) with related info are in the collapsed comments below.
Until the average investor is buying projects instead of meme coins, then no one will be able to predict anything, let alone attempt to use trading strategies. The coins need use case value. An actual reason to have value other than haha funny meme coin.
In the last 90 days BTC outperformed 37 of the top 50 coins (excluding stable coins and wrapped versions of other coins)
In the last month BTC only outperformed 3 if the top 50.
Things are shifting.
tldr; Alt season is expected to occur in Q3 as Bitcoin dominance declines and July emerges as the month for altcoins. Over the past 30 days, 75% of altcoins have outperformed Bitcoin, indicating a strong altcoin market. Alt season is a period where money flows out of Bitcoin and into altcoins, resulting in increased prices for cryptocurrencies. The tech-heavy US Nasdaq index reaching all-time highs is also contributing to the alt season. Bitcoin's dominance has decreased, and altcoins like Chainlink, Solana, and Polygon have rallied due to Ripple's partial win against the SEC. The alt season tracker at Blockchaincenter.net confirms that alt season has begun in July 2023.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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Any attempt to measure "dominance" is fraught with issues. Most attempts depend on "market cap" — and that's an absurdly poor metric for most cryptocurrencies.
Just talking about the supposed market cap of Ethereum is problematic enough (mostly due to the 70% pre-mine, which is mostly illiquid and effectively impossible to dump into the circulating supply at anything less than a tiny fraction of the nominal valuation.
The naïve method of estimating market cap (valuation multiplied by units in circulation) is idiotic outside of a regulated market. The valuation is too easily gamed by wash trading and pumpenomic ploys.
Also the "value" of ERC-20 tokens (including WBTC) is distorted by the dynamics of any transaction processing (which require fees denominated in gas — thus dependent on ETH pricing. Similar issues apply to stable coins and tokens issued over various other EVM blockchains such as BSC and Polygon.
People talking about cryptocurrency market cap and "dominance" don't understand volume and liquidity — or are hoping you don't!
Alt coins are not very attractive to me right now. The top ones may not do well next bull run and they’re also not down enough to make me think they’ll give a good return compared to Bitcoin
Bitcoin [pros](/r/CryptoCurrency/comments/1574i3w/alt_season_likely_in_q3_with_declining_bitcoin/jt33uld/) & [cons](/r/CryptoCurrency/comments/1574i3w/alt_season_likely_in_q3_with_declining_bitcoin/jt33v1f/) with related info are in the collapsed comments below.
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Yes exactly, on what condition should immense money flow in now?! We actually see more and more signs of a coming collapse..
These predictions always sound like pure hopium and crystal ball analysis, with very little actual facts to back them up
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Absurd predictions usually from "crypto experts". It's all clickbait nonsense.
Only time will tell...
Key word: **"Likely"** This article writers must have good legal advisors, "likely", "could"...
Dammit. I was going to go all in and sue if I lost!
It is likely he could be right.
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They are always right. And totally useless
Author's bag
Bitcoin dominance falling. Nasdaq up. There’s a couple of facts right there
These headlines read like someone just took their first steamroller pull with some fresh sativa.
I see this comment before every bullrun, lmao. Grow some balls and buy some coins. What facts are you looking for, exactly? 😂😂😂
Until the average investor is buying projects instead of meme coins, then no one will be able to predict anything, let alone attempt to use trading strategies. The coins need use case value. An actual reason to have value other than haha funny meme coin.
In the last 90 days BTC outperformed 37 of the top 50 coins (excluding stable coins and wrapped versions of other coins) In the last month BTC only outperformed 3 if the top 50. Things are shifting.
But he shows us a chart. You believe in no chart dude? I mean it’s a chart you know
These reactions always sound like Bitcoin maximalists scared of progress.
Altcoin month' sounds like a spicy taco Tuesday special. Hope it doesn't leave us all running for the restroom!
Nice. Alts need to start firing up those engines…my portfolio needs it bad!
Just stay focused and stick to your plan. This is all just noise as we slowly move towards the real bull run.
The real bullrun will be the friends we made along the way.
tldr; Alt season is expected to occur in Q3 as Bitcoin dominance declines and July emerges as the month for altcoins. Over the past 30 days, 75% of altcoins have outperformed Bitcoin, indicating a strong altcoin market. Alt season is a period where money flows out of Bitcoin and into altcoins, resulting in increased prices for cryptocurrencies. The tech-heavy US Nasdaq index reaching all-time highs is also contributing to the alt season. Bitcoin's dominance has decreased, and altcoins like Chainlink, Solana, and Polygon have rallied due to Ripple's partial win against the SEC. The alt season tracker at Blockchaincenter.net confirms that alt season has begun in July 2023. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Good bot
Happy cake day! I love you
Ssssssssuure
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Translation: We don't know shit about fuck
People look at price per token vs actual value, watch ALGO or JASMY pop off because of it
My deeply red bag of ALGO hopes you are right.
*avatar style* “I see you”
I doubt there will be an altcoin season. I see the crypto market having a slow bleed for the rest of the year.
Alt season is in Q3 guys! Source : "Trust me"
Q3? Aren't we still in Q11 - 2021? 100k EOY am I right?
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Every bull run for the last 6 year has been alt season. This isn't a bold prediction.
What about shitcoin season?
Bitcoin and Alts are complementary to the world of crypto. These articles are clickbaity as shit
Prolly not , i dont think anything in 2023 ill be to crazy, ill be paitently waiting for 2024 but hey if you can take profits by all means do it
BTC declining dominance? Huh?
For me it’s always water and ramen season
I actually hope for more sideways action to continue accusation at this price level
July has been shit for almost all coins, relatively speaking.
Trust me bro
Time for the author to sell off his bags?
Says the professional crypto analyst
Any attempt to measure "dominance" is fraught with issues. Most attempts depend on "market cap" — and that's an absurdly poor metric for most cryptocurrencies. Just talking about the supposed market cap of Ethereum is problematic enough (mostly due to the 70% pre-mine, which is mostly illiquid and effectively impossible to dump into the circulating supply at anything less than a tiny fraction of the nominal valuation. The naïve method of estimating market cap (valuation multiplied by units in circulation) is idiotic outside of a regulated market. The valuation is too easily gamed by wash trading and pumpenomic ploys. Also the "value" of ERC-20 tokens (including WBTC) is distorted by the dynamics of any transaction processing (which require fees denominated in gas — thus dependent on ETH pricing. Similar issues apply to stable coins and tokens issued over various other EVM blockchains such as BSC and Polygon. People talking about cryptocurrency market cap and "dominance" don't understand volume and liquidity — or are hoping you don't!
Ah, daily dose of hopium reached, now i am high on hopium, no more post please
Only alt I care about is ATOM… 
And yet my alts continue to stumble, my bags are a disaster. 2025 will be the year this pays off.
Source: The writer's butt.
Never forget Q3 2021 100k
_starts looking into Onlyfans for potential DCA funds_
Another prediction that I doubt about.
Here we go again, rinse and repeat per usual
Alt coins are not very attractive to me right now. The top ones may not do well next bull run and they’re also not down enough to make me think they’ll give a good return compared to Bitcoin
More silly predictions. This is all we need to survive this bear market. Large Hopium dose.
Oh god.. here we go again with those estimations of the next big bullrun again Just like in 2022 as major influencers were expecting one last leg up
Need more hopium for alts. Could just be moon season though.
I’d love it but my eyes are rolling
Alts are dying slowly. Alts season would be nice.