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November 14, 2023

Anticipating the Massive Altcoin Season: October 2024 and Beyond

Aria Mitchell
Written byAria MitchellWriter
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
Aria Mitchell
Aria Mitchell
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From Rotorua's scenic landscapes, Aria Mitchell shines as New Zealand's leading expert in localizing online casino content. Marrying Kiwi essence with global gaming insights, she's the name trusted nationwide.

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