Alt season is coming 🥹?

in hive-103599 •  last year  (edited)

1000006666.jpg

Source: UPbit

Take a look at LOOM monthly chart. It's insane! It has 2 bearish markets during the last 6 years. Now, it's trying to break ATH(All Time High). Is it the signal for alt season 🤑?

Well, I remember that before the previous alt season, there were some pumps and downs of some altcoins including STEEM. Some of them seemed that they were going to touch the previous ATH. Ripple(XRP) is an example of that.

1000006675.jpg

Source: Upbit

This is STEEM monthly chart. Even though Justin Sun took over STEEM, STEEM has been a tough time during the last 6 years. In the previous alt season, STEEM had not much skyrocketed. It's around 20 times from the bottom price.

I hope that HTX(Previously Huobi exchange) will get a license of virtual asset trading platforms in Hong Kong. If it turns out that way, STEEM would be affected by the news.

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