Is the altcoin season here? How to trade small-cap coins amid high volatility
As Bitcoin hits resistance, a new wave of altcoins like Solana, Injective, and Chainlink are surging ahead. Is this the dawn of a new altcoin era? Bitcoin might have pulled the crypto market from its multi-month sluggishness, but the big winners right now are altcoins, as many cryptocurrencies have outperformed BTC during the last few weeks. Does the crypto market ignite the engine for another altcoin season? How to benefit from this rally? We’re about to figure it out in this post. Altcoins perform great in Q4 Altcoins – digital assets other than Bitcoin – have demonstrated great returns in the last quarter of the year, and some of them took off earlier than that. While Bitcoin has gained over 40% since mid-September to consolidate above $35,000, Solana’s (SOL) value has tripled, while Injective (INJ) and Chainlink (LINK) have surged by 150%. Avalanche (AVAX), Aave (AAVE), Polygon (MATIC), and Cardano (ADA) have also outperformed Bitcoin during the last 60 days. Bitcoin and Altcoin’s...