ALT SEASON IS COMING! $BTC will make ALT coins growWith bitcoin at U$95,000, the currency has already recorded a growth of around 120% in the year 2024. A lot of money entered the worst of cryptos this year as a result of the Halving, many say, making it surpass the historical price since November 2021.
However, those who invest in alt coins may have noticed a movement that is slightly different from this reality. This is because, in the year 2024, all alt coins in general suffered a huge drop: ASTR, for example, from February to November devalued 75% in price, reaching a price level of U$0.4908.
However, most of these protocols, despite the devaluation, continued to exist and invest in their business technology, the price not matching the reality of value delivered by the projects.
Now, with bitcoin extremely leveraged, the tendency is for large players to make profits in bitcoin and diversify their investment in other cheap projects with great growth potential.
We can observe this movement happening when analyzing the ASTR/BTC chart, which shows a pattern in the time and price of ALT coin appreciation.
We are currently reaching a tipping point of support for ASTR in relation to BTC and, if the trend continues, we could see the RUS:ASTR token appreciate up to 400% in relation to BTC, which would be a significant capital inflow for the appreciation of the currency, most likely making it surpass the historical price of U$0.1987 seen on February 12th.
