Few old projects have made the ATH, like enj, doge, bnb, eth but most of the old projects are still far away from the ATH. Can we call the current situation bullrun for altcoin? I think no. Most of the times, it’s the affect of bitcoin rise.
So, when are we having altcoin bull where altcoin will be outperforming bitcoin? Or no more such things happening at all?
You are just being impatient and that is understandable, most of altcoin holders including me are just waiting on the sidelines and seeing the market my personal assumption is that alt season will happen in the months of august to october and before that it will be all btc, eth and some other top coin show.
Will it? Because back in 2017 there were a lot of new people hitting the crypto space. A lot of retailers and my grandma - It was the first time my family talked about crypto during christmas 2017. They were all trying to find the next Bitcoin, Ethereum or even IOTA. I don't really see them going back into crypto this year. Especially with a pandemic going on. Besides, investors are a lot smarter nowadays, so I really doubt there will be an alt season in august or october. I hope I'm wrong though!