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November 14, 2023

Anticipating the Massive Altcoin Season: October 2024 and Beyond

Emily Tremblay
Written byEmily TremblayWriter
Researched byNikos PapadopoulosResearcher

Introduction

Crypto analyst Jason Pizzino predicts that the true altcoin season is yet to come, despite the recent surge in some digital assets. Based on historical patterns and Bitcoin's halving events, Pizzino believes that the altcoin season will arrive around October 2024.

Anticipating the Massive Altcoin Season: October 2024 and Beyond

The Altcoin Season

Pizzino explains that the current market conditions do not indicate the altcoin season that most investors are waiting for. However, he emphasizes that there are still good gains to be made. According to Pizzino, the massive altcoin season, with the potential for the biggest gains, is still ahead of us.

Historical Market Cycles

Analyzing BTC bull market cycles, Pizzino notes that they typically last three years. The first 18 months confirm the bullish uptrend, followed by 18 months of significant gains. He points out that the altcoin season usually begins in the second half, months after the Bitcoin halving event.

Examples from Previous Cycles

Pizzino provides examples from previous cycles to support his prediction. In October 2020, Ethereum experienced a 1,300% rise, while in October 2016, it saw a 2,200% increase. Similarly, Solana had a 20,000% surge in October 2020, and Cardano witnessed a 3,400% rise during the same period.

Conclusion

Based on historical data and market patterns, Pizzino suggests that investors should anticipate the altcoin season to begin around October 2024. He advises caution and encourages investors to conduct their own research before making any high-risk investments in cryptocurrencies or digital assets.

About the author
Emily Tremblay
Emily Tremblay
About

Emily, a dynamic blend of tech-savvy and casino enthusiast, hails from the snowy landscapes of Canada. With her innate grasp of cultural nuances, she ensures online casino guides resonate deeply with Canadians. Emily's spirited and engaging nature makes her a favourite among peers.

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