With Bitcoin, the largest cryptocurrency, recently reaching a summit of $ 111,980 and taking more than 64.64% of the market, many in the cryptographic community begin to wonder: when will the Altcoin season finally arrive?
Meanwhile, Michael Van de Poppe, a veteran expert in cryptography, explained why he thinks that the Altcoin season is about to start soon.
Altcoins have been slow for years
Michael says that altcoins have not been doing well since the end of 2021. He remembers that the last major season of Altcoin took place in 2017, while almost all Altcoin increased quickly.
In 2021, older Altcoins did not do as well as more recent tokens. In 2024, most of the media threw concerned mecoins, not the usual altcoins.
He also underlines that over the past four years, Bitcoin has reached $ 65,000 and during this time, around 95% of Altcoin gains have already been made. But after that, Altcoins continued to fall and many people have stopped worrying about them.
Global factors retaining altcoins
Van de Poppe thinks that this cycle is different. He says altcoins are underperforming because we are still in a “bitcoin season” and people are afraid of taking risks.
Meanwhile, central banks modify their economic policies and many fear a recession. And real progress occurs in Defi and other parts of the world of cryptography.
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Gold even reaches a new summit of all time, which could make people more safe at the idea of investing again. Even the Chinese renminbi does better than the dollar, which often helps Ethereum to do better than bitcoin.
Altcoin season: When will it start?
Michael shares that people look forward to the Altcoin season, asking: “When will it start?” He says that there are two types of people at the moment, some people think that the market is still in a bear phase, while others believe that the next high climb is just beginning.
He thinks it’s a good time to pick up altcoins. Many of them have a low price and have solid teams.
Michael says that this is an opportunity to buy them quietly, before the rest of the world is realized.
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Faq
The Altcoin season could start soon while Bitcoin dominance culminates and investors move to undervalued altcoins.
Altcoins are late due to the domination of bitcoin, investor risk aversion and global economic uncertainty.
Yes, many altcoins are undervalued with solid fundamentals, offering early entry before a potential rally.
