The surge in altcoins has led many traders to forecast the dawn of a new altcoin season. According to "The Moon" a pseudonymous Twitter analyst, altcoin seasons follow a major run-up in the price of BTC, especially when the price stalls or pulls back.
This is not really rocket science. Everybody already knows that altcoins pump after BTC price goes up. Bitcoin has gone up to $50k recently and we are also seeing some altcoins have huge gains. Cardano is one of those coins that have seen a new all time high. I do not own many altcoins but my portfolio has been doing really well in recent days.