On the crypto market, fluctuations in the BTC rate affect the dynamics of other cryptocurrencies. Therefore, a sharp decline in the price of the main digital coin can provoke an even more fierce sale of altcoins.
Altcoins can also be hampered by regulators. Recently, we saw how the US Securities and Exchange Commission (SEC) lawsuit against the Ripple leadership brought XRP down. Similar actions in relation to cryptocurrencies can hit the credibility of the industry.
Leading analyst at 8848 Invest, I am sure that the altcoin season has already lasted from the beginning of autumn, and has now reached an intermediate stage.