Shitcoin seasons
Shitcoin is a digital currency that has no actual substantial utility, it has short-term price increases with an eventual massive dip as a result of short-term profit making strategy by the major investors.
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Shitcoin are also know as alternative coins, any coin that is not bitcoin is know as an "Altcoin"
Shitcoin is widely considered to be bad investment because its price/value mostly based on speculation so the shitcoin market is a red flag for long term investors but the massive movement of funds in the shitcoin market cannot be overlooked.
The success of bitcoin since it came into existence subsequently birthed the shitcoins, many investor looking to make short term profit gains capitalize on shitcoin and await the best times to initiate their trade activities regardless of the risk involved the ultimate goal for most shitcoin trader is the shitcoin season.
Shitcoin season is a period time in the crypto market when bitcoin is outperformed by shitcoins
The major pump activity of the leading coin (Bitcoin) in 2021 brought about the biggest shitcoin movements as many shitcoins hit their all time high, many crypto networks witnessed exponential increase in the number of coin creations as a result of this; BSC became a major hotbed of coin creations, ERC-20 follows and polygon in tow eventually the nosedive of Bitcoin crashed the value of many of the new coins and even strong standing coins like ETH witnessed their lowest prices since their creation the resulting effect of this massive dip faded the shitcoin season in the digital background; but is it over?
Will there ever be a shitcoin season ever again?
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