Will there be ab alt season of current prices? 10x for example???
I wouldn't hope for a 10x when altcoin market cap is at 1.2 trillion dollar. 2x still make sense for most of the coin but 10x doesn't make sense at all.
The only possible scenario is if the institutional investor for some reason put their money into alt and not all altcoin will go up.
At time like this I will be realistic, altcoin market is so fragmented liquidity wise, money always shifted to the new narrative abandoning the previous altcoin.
If you observe carefully, most of altcoin got really low trading volume after 2-3 months, around 5-10m a day, meaning market lost interest.
We are not asking for the altcoin market cap to 10x.
There will be altcoins that do 10x , even 20x - it’s just being diversed enough to find one of them.
XRP did a 6x in just 5 weeks end of last year so if something with billions in supply and massive market cap can do that imagine what the smaller marker cap coins will do when some kind of alt season finally happens