Bitcoin Price Drops: Is Altcoin Season Finally Arriving?
The Bitcoin price slip below $93,000 hasn’t killed the buzz around altcoins, with traders zeroing in on under-the-radar bets.
Coins like Sandbox (SAND), Stellar (XLM), and Ether (ETH) are topping the chatter, fueled by metaverse hype, regional interest, and Ethereum’s steady market dominance. SAND’s surge comes with a wave of renewed investment in metaverse projects, while XLM rides a wave of attention notably tied to interest out of Korea.
Ethereum has held strong, with traders betting it might outpace other large caps. Amid this speculative frenzy, smaller tokens like Pleasure (NSFW), Tornado (TORN), and Axie Infinity (AXS) are also clawing their way into the spotlight with spikes in social mentions.
But it’s not all roses—$518.8 million worth of positions got liquidated in the last day alone, most of it tied to over-leveraged altcoin trades. So, when is the real “Altcoin Season” getting started?
Bitcoin Price Down, When is Altcoin Season?
Think of “Altcoin Season” like this—a three-tier fountain, Bitcoin at the top where cash pours in. Awash with profits, investors filter their gains into the middle layer, the top 100 altcoins—Ethereum, Solana, Doge among them—which begins to swell and spill over into the chaotic mess of smaller projects below.
The bottom is where the wild stuff happens. Bull runs in the past turned ideas—like NFTs and meme coins—into surreal realities.
Normally, alt season kicks in after Bitcoin sets a high or post-halving. But many argue we haven’t had a true alt season since 2017 and that we might finally get one.
The next BIG game hasn't even started yet (Alt season)… however, remember to expect a LOT of nasty volatility along the way (both ways)… pic.twitter.com/9GOkvrcYae
— Raoul Pal (@RaoulGMI) November 22, 2024
A true altcoin season is never guaranteed. The last alt season was piss poor, with most of the altcoin gains following Bitcoin. Technically speaking, a true altcoin season is when alts like Ethereum, Solana, and Sui gain in price while Bitcoin bleeds and we haven’t seen that since 2017.
But patience is key, bruh.
Today gave us a glimpse of the upcoming alt season and a reminder to stack promising utility tokens while you can.
In the meantime, some metrics to keep an eye on are the Altcoin Season Index (currently signaling we’re not in alt season) and Bitcoin Dominance.
If we continue to see BTC Dominance drop, there also might be an altcoin rotation signaling that alts are about to rocket.
Crypto All-Stars: The Next Big Meme Coin Revolution
The countdown is on—25 days until Crypto All-Stars ($STARS) officially steps into the spotlight, and the crypto world is buzzing.
With $5.8 million already locked in during its presale, $STARS has planted its flag firmly in the meme coin landscape. Investors are currently grabbing tokens at $0.0016061, hoping to cash in on staking rewards that climb as high as 336% APY. Big names are taking notice too, like ClayBro, the YouTuber with 132,000 followers who claims Crypto All-Stars is primed to “shake up the entire meme coin space.”
At the heart of Crypto All-Stars is MemeVault, a staking engine that pools major meme coins like Dogecoin, Shiba Inu, Pepe, and Floki for rewards paid out in $STARS tokens. This multi-token setup is the first of its kind, laying the groundwork for a unified staking ecosystem.
Built on Ethereum, the ERC-20 $STARS token promises smooth integration with one of blockchain’s most trusted networks. The project allocates its supply strategically—20% for the presale, 50 stages of price bumps to reward early birds, and 25% each for staking rewards and MemeVault liquidity.
Early presale participants have already scored a 15% price gain, with tokens rising from $0.00138 to $0.0016061 in just a short period. Bolstered by audits from Coinsult and SolidProof, the project has solidified investor confidence. With over 4,100 users on Telegram and 17,000 X followers, $STARS has momentum. 99Bitcoins analysts are calling for the moon—predicting gains as high as 10x or 100x once the token launches.
GET IN On The Crypto All-Stars Now
Explore: Elon Musk’s Hedgehog SHRUB Meme Coin Pumps +30%: Is This Best Animal Coin HODL?
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