Over the last few months, crypto traders and analysts have been ranting and raving about an apparent alt season, that saw the price of many altcoins double in value. It wasn’t until Bitcoin’s recent rally that the alt season was stopped in its tracked.
However, according to one experienced altcoin trader and author, altcoins are still in an accumulation phase – the longest accumulation phase yet for altcoins – which suggests a markup phase may be around the corner.
Altcoin Market Accumulation Phase Continues, Longest on Record
Since the start of 2019, various altcoins, front run by a Litecoin rally, have painted double digit gains. Many have gone on to outright double in value in just a few short weeks after breaking out of downtrend resistance.
The surge in pricing across low-,mid-, and high-cap altcoins has caused many to claim that an alt season was in full effect. Even Google Trends data showed a surge in interest in Bitcoin’s brethren.
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