Altcoin Market Trends in June

Daily Action Matrix

Each day we manually review the charts and provide a color code for each coin. The CoPilot hands over the controls to you and you can fly this trade!

Below we have collected a few details on project news for select coins that are now in ALERT status in our system. This is your time to complete Stage 1 of the Trade and check these charts for potential entry signals coming up.

Are you eager to make the most of the next 'altcoin season'? Want to ride the explosive growth of altcoins but unsure where to start? Look no further! AltSeason CoPilot is your indispensable tool to navigate the exciting world of cryptocurrencies.

Our innovative platform is designed to help you identify opportunities during those periods when altcoins - those other-than-Bitcoin cryptocurrencies - surge faster than Bitcoin itself. But we don't stop there. We also provide you with invaluable risk management strategies and signals for the most promising altcoin prospects. With our Daily Action Matrix, we offer insights into complex market trends that most investors miss.

Just take Avalanche (AVAX), Aergo, and NEAR Protocol, for example. Each of these cryptocurrencies has unique features that offer exciting possibilities, from AvaCloud's no-code platform for launching custom blockchains, to Aergo's hybrid deployment model for enterprise use cases, to NEAR Protocol's user-friendly cloud computing platform.

But how can you tap into these opportunities? The answer is simpler than you think. By trading the ALT/BTC price spreads, you can potentially benefit from explosive moves in the hottest cryptocurrency markets while minimizing risk.

To guide you on this journey, AltSeason CoPilot also includes a private Discord chat, where you can connect with other like-minded traders, share insights, and learn from the best.

AVAX (Avalanche):

Avalanche, a Layer 1 blockchain network, has crossed 1 million monthly active users for the first time. This surge in growth is largely attributed to the recent launch of AvaCloud.

AvaCloud is a no-code platform developed by Ava Labs, the creator of Avalanche, for launching "custom blockchains," also known as subnets, on top of the Avalanche network. With AvaCloud, developers can easily build customizable blockchains and specialized decentralized applications.

AvaCloud significantly reduces the cost and time needed to launch a blockchain, enabling users to set up their own chain as a testnet in minutes, and deploy a fully mature network in weeks, without the need for an extensive engineering team​¹​.

AERGO (AERGO)

• Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, consisting of both permissioned and permissionless blockchain architectures. It includes support for SQL allowing for easy data handling and familiar smart contract programming for developers. The platform is built and utilized by Blocko, the Samsung-backed South Korean blockchain technology company.

• Use cases: Aergo is designed for enterprise use cases, providing infrastructure for enterprises and developers to host DApps based on the Aergo Chain. It offers a smart contract engine supporting Lua and SQ. Private blockchains on the Aergo platform run on a Proof-of-Authority consensus mechanism powered-RAFT algorithm, while the public blockchain network, the Aergo mainnet, runs on a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism​¹​.

NEAR Protocol (NEAR)

The NEAR Protocol (NEAR) is a layer-one blockchain designed as a community-run cloud computing platform. It addresses some of the limitations of competing blockchains, such as low transaction speeds, low throughput, and poor interoperability, providing an optimal environment for decentralized applications (DApps). The protocol is geared towards being developer and user-friendly​¹​.

The AltSeason CoPilot is a cryptocurrency trading tool that aids investors in identifying opportunities during altcoin seasons.

When is Altcoin Season?

Altcoin seasons are periods when the US Dollar value of altcoins, or cryptocurrencies other than Bitcoin, experience a surge in value and market capitalization at a faster pace than Bitcoin's price. This can occur regardless of whether Bitcoin's price is stable, increasing, or decreasing.

The AltSeason CoPilot is designed around a proven crypto trading plan that includes risk control strategies. It employs a principle of finding altcoins that outperform Bitcoin during altcoin seasons and offers signals and indicators to help traders identify the best altcoin season opportunities.

It also features risk management tools to help traders manage their exposure and minimize their losses​¹​​²​.

Is Bitcoin Dominance Important Anymore?

One of the key indicators of an altcoin season is a decrease in Bitcoin dominance, which signifies that Bitcoin's market capitalization as a percentage of the total cryptocurrency market cap is declining. This often suggests that investors are shifting their focus to other cryptocurrencies.

However, it's crucial to note that this is an average of the entire group of cryptocurrencies. Within this group, some coins will outperform others, and Bitcoin Dominance does not provide specific insight into which coins are performing best. This is where the AltSeason CoPilot's daily action matrix can prove useful, offering insight into these market trends​¹​.

Another indicator of an altcoin season is a change in stable coin dominance. When stable coin dominance increases, it may suggest that investors are moving money out of the market or seeking to protect their investments from volatility, which is bearish for altcoins. Conversely, a decrease in stable coin dominance is bullish as it may suggest that investors are gaining confidence in the market and are willing to take on more risk by reinvesting in cryptocurrencies​¹​.

However, these relationships can change over time, and a decrease in Bitcoin's dominance may not always signal an altcoin season. It could also be due to a decrease in the overall market capitalization, such as during market downturns. Similarly, an increase in the use of stable coins may not always indicate a lack of confidence in the market; it could also signify increased adoption and demand for stable coins as a store of value​¹​.

Why Trade ALT/BTC Price Charts?

Many cryptocurrency traders focus on trading altcoins against the US dollar, but by doing so, they may miss out on the valuable opportunities provided by trading the ALT/BTC price spreads. The AltSeason CoPilot encourages traders to diversify their portfolio across multiple cryptocurrencies and take smaller position sizes, thereby allowing them to potentially benefit from explosive moves in the hottest cryptocurrency markets while minimizing risk in those coins that have no follow-through​¹​.

The AltSeason CoPilot includes the Daily Action Matrix and a private chat on Discord​²​.