One question we should notice is when it comes to altcoins is when we will see a new Altcoin season. Or even if we will have again an Altcoin season, because it is likely, altcoins will no longer be able to gain significant ground against Bitcoin.
Recently, we have been very weak for leading Altcoins and Bitcoin has been able to mark numerous new all-time highs, while our Altcoins have not come close to previous peaks.
So what is your opinion, when will we see a new Altcoin season or will we not see again an Altcoin season?
I’ve seen a lot of traders asking this question because altcoins pump used to follow Bitcoin rally but this cycle seems different. I’m actually not expecting much from altcoins this cycle due to Bitcoin’s increased dominance, we’ve seen that institutional money is more focused on Bitcoin compared to altcoins. This is another factor to know that altcoin season should not be anticipated as much because old patterns might be shifting.
However, i don’t think altseason is dead, i just feel we might see a mid altseason this cycle compared to the past broad seasons(that’s if we have one).