The Alt Season Is Coming - BULLcember Is Here!
It was Rektember the last time I wrote about alts. Back then, ETH was still heading lower and there was no sign of an alt season anywhere.
Ultimately, ETH reached the low of 0.03187 on Binance and has since rebounded quite nicely, but really needs to pump to signal any trend reversal here. Considering how convulted, clumsy and expensive ETH feels to use, I would be more inclined to see a SOL pump more than ETH. I am very biased though.
Until MOONvember, we had only really seen Memecoins pumping, but now we are getting all sorts of random tokens green candling around us totally unexpectedly. Lots of this on the back of the red wave and Trump victory. It seems the new administration will be pro crypto.
I was starting to think we wouldn't be getting an alt season and that it had been cancelled, but it seems that it is coming! We have seen Hive steadly climb to nearly retake the $0,30 handle. Will it continue its climb back into healthier areas above $0,40 and $0,50 even?
CRO was the first bag that I got rid of which seemed to pop fairly quickly. Probably it has more potential but I was happy to get out without loss or profits. AVAX was another one where I missed the peak in April, so was happy to dump this one too, so I could lighten my bags.
The excitement is quite palpable with lots of buzz around bags pumping and shilling of useless NFTs. Rug Pal has been pumping out content about his banana zone and looking to get exit liquidity into his bags. Is it too late to buy something? Or is that time already passed?
I am sure people are looking around to what hasn't pumped yet and what might pump. Crazy prices for ETH, SOL and XRP are being given as serious price predictions.
Mostly I am thinking to offload my alt bags and will probably do it too soon and miss out on wild profits! However, as I missed the mini-alt season last time, I don't want to miss my bags pumping this time and be stuck holding this crap for another few years.
My surprise alt pump has been LTC which everyone has told me is dead and when I checked, it does seem quite centralised to be fair. I have been following some cash inflows to LTC though, but probably it leaves just as quickly. Will it reach it's new ATH again or this is just a mini-pump for ants?
After the nothing-ness after the LTC halving, it is good to see some life in LTC again finally.
Predictions
Looking back at my price predictions from the start of the year, I had guessed $131960 Bitcoin by 31 Dec 2024, which is so far ~$36k off, but we have a few weeks to go yet. Even Tom Lee is seeing well over $100k by the end of the year and in such a short time frame, so maybe my guess could get better the nearer we get. What could be the catalyst for continued price rises, I am guessing is further institutional adoption and it seems OTC are short of supplies and maybe are tapping the US Mount Gox bag.
Hive was trading at $0,36 when I made my prediction which was $1,03 by the end of 2024 and we can see that I was far off and even the price went in the wrong direction. Hive seems to have stopped bleeding against BTC and is holding the 300 sats line so far, but will it pump and by how much still?
How are you playing the alt season?
Over to you Fred..
Thanks for reading.
Credits:
Title image created with image from source
Let's connect : mypathtofire
The full song:
sps up plz lol
It's going to the moon man.
how much lol
Can’t wait to see hive above $1 again. Great post !
That would be so cool. It was my prediction at the start of the year.
!BBH
@mypathtofire! @fiberfrau likes your content! so I just sent 1 BBH to your account on behalf of @fiberfrau. (8/20)
(html comment removed:
)
I've got my bets mostly placed, we'll see what happens. I've had DOGE for a long time and was lucky I didn't sell it all, it's become expensive now! I'm always looking for the new millionaire maker though, just like everyone!
Nice one. It would be great to get those 1000-1 pumps. Hopefully one day, just need to stay in the game.
Nice post!
I'm lucky to have seen this coming https://ecency.com/hive-167922/@digi-me/reversal-on-the-horizon-are
Hehe, this time was no different
I believe so, the trap have been done https://ecency.com/hive-167922/@digi-me/hive-is-pumping-are-we
Our brains have been conditioned to downtrend for too long
The trend is your friend, so the most likely outcome is
Bought in aug sept I better dca out as this progresses, my challenge is profit taking the other parts are easier for me
100% makes sense. Good calls. Next year should be pretty epic. We need to take enough profits to last us through the bear in 2026. But first let's take down $100k!
Thank you sir! Yes 😃😃
I've still got my CRO. I've also still got my LTC too. I'm ready for the bulls to run. I have a handful of coins that I am really hoping pop this season.
I was sure CRO would bounce back, did you stack more at the bottom? As I bought it in the peak last cycle, I was happy to exit now as my focus is elsewhere and I hate Crypto.com, probably the worst UX of all the big crypto exchanges.
I still have my LTC bag, albeit a small one.. hopefully this puppy runs!
My LTC bag is small too. No, I didn't buy more at the bottom. I stacked just enough to get the first tier of VISA card, but I have never really used it. I don't particularly care for the UX on Crypto.com either. If I had to choose I prefer Coinbase even though they have their own issues!
Ah makes sense, CRO popped nicely from the lows.
btw, I've just ordered another juicy bit of IT goodness. Will share in a post soon.
Looking forward to it!
@tipu curate
Upvoted 👌 (Mana: 12/42) Liquid rewards.
Thanks for your support.
Alt season is here ... for some alts. Hive pfft well I think the whole 30 cent thing yesterday was just drama from the South Korea martial law.
There are profits to be made in alts. But I must admit I being selective in what I am trading in now. So many coins I have been stuck with since 2021 that I have been selling them when I see a good price. Not so much taking big profits but freeing upu reserves to go elsewhere.
Hive is just not sexy when it comes to an alt unfortunately. But ETH yeah what a pain in the arse token it really is.
I feel you there Ed. Same here, I was expecting 5-10x's but its not been materialising LOL Trading alts isn't as easy as I thought.. I thought everything would go up.
I sold my last ETH and vowed never to use it again, its so awful and expensive. I don't care what Defi you can do there, this tech is worse than ZX Spectrum 48k. Metamask has been deleted from my vocabulary.
Fingers crossed for Hive, it wouldn't take too much to make it pump, but although I have made some Hive, I am still in minus from buying higher than I sold.
Rug Pal and his banana zone 😂😂. I think his way too optimistic with his prediction on crypto reaching around 100T market cap by 2030.
$100T!!! 😅 And he will still be promoting Memecoins as the future.
Thank you for posting in the We Are Alive Tribe. Your post has been upvoted [From the perspective of Alive Power]. Continue posting in this community 🙂!
Every Monday, Melinda, on behalf of Ecency, rewards the top 10 most active Ecencials with 23 $HIVE and over 4,000 Ecency points! Any active Ecency user is eligible to participate. The only requirement is to stay engaged—by posting, commenting, or upvoting through the Ecency mobile app or web browser.
In the most recent award announcement, Melinda revealed that the top three Ecency users each earned 3 $HIVE and 500 Ecency points. The remaining seven users in the top ten received 2 $HIVE and 300 Ecency points.
Additionally, several generous sponsors provide personal gifts to random users (selected by lucky numbers) from the top 50 on the Ecency Leaderboard.
#aliveandthriving
!INDEED
Thank you Dr. Appreciate you stopping by.
(9/25)
@mypathtofire! @dmhafiz Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @dmhafiz.
The alt season is here, there is no two ways about that, but unfortunately Hive seems not to be moving towards the line as I expected, above all, those with enough alt can now smile.
Yes, it is happy days again. We can all celebrate the alt season. Hopefully Hive will join in the fun soon.
It's a controversial move, but I am slowly unwinding my BTC (not all of course) to realise some profits. Anyway, I hope your prediction on Hive comes true! :P
Hey Relf, yeah that's quite controversial to realise the fist profit, but I wish you good luck man. You have earned your profits hodling.
Hello mypathtofire!
It's nice to let you know that your article will take 9th place.
Your post is among 15 Best articles voted 7 days ago by the @hive-lu | King Lucoin Curator by fantagira
You receive 🎖 1.3 unique LUBEST tokens as a reward. You can support Lu world and your curator, then he and you will receive 10x more of the winning token. There is a buyout offer waiting for him on the stock exchange. All you need to do is reblog Daily Report 502 with your winnings.
Buy Lu on the Hive-Engine exchange | World of Lu created by szejq
STOPor to resume write a wordSTART