Is this your altcoin investment strategy?

Photo by RC-XYZ-NFT Gallery on Unsplash

It is called the “altcoin” season. It is a cycle when alternative coins tend to increase, riding on the coattail of Bitcoin’s rise.

Bitcoin is settling into its position as digital gold, which means that everyday people’s investment focus will shift to a store of value (future use).

I will continue to buy the dip, and Bitcoin will always be in my portfolio, but my focus will shift to altcoins.

In case you missed the news, Ethereum is no longer considered an altcoin. The term originated following Bitcoin’s launch in 2009. As you might guess, it means coins other than Bitcoin.

Ethereum has solidified itself as the number two Cryptocurrency with a total market capitalization (the total value of a company’s outstanding shares of stock times the current price) approaching $1T.

Ethereum will also continue to be part of my Crypto portfolio.

As Bitcoin climbs into the six-figure range, altcoins will see higher upward moves. Given the number of institutional and professional investors (Whale investors) in the Crypto space, these price increases will likely hold longer.

I believe the moonshots (rapid price increases) of the past are not over but will be less frequent in…