The altcoin season has begun, with analysts forecasting an active development from June onwards. Investors are advised to focus on performance and potential new projects.
Analysis of Current Market Cycles
According to analyst João Wedson, the crypto market follows predictable cycles, and the current phase shows clear signs of an altcoin season. He noted that back in April, he advised investors to accumulate promising projects, especially newly launched tokens. Many of these altcoins have already posted gains exceeding 100%, outperforming Bitcoin during the early phase of the cycle.
Expected Decline of Bitcoin Dominance
João Wedson also predicted that Bitcoin dominance may soon test the 67% mark, but a decline is expected afterward. A portion of Bitcoin's market cap could flow into altcoins. He added that even if Bitcoin sees short-term declines, most altcoins have likely already bottomed out.
Top Altcoins and Their Potential
Wedson urged investors to analyze altcoins in comparison to BTC pairs, such as ETH/BTC or COTI/BTC. He emphasized that if an altcoin appears stagnant against Bitcoin, reallocating funds may be wise. In conclusion, he noted that while many altcoins have already seen notable gains, opportunities remain, especially for those focusing on metrics and market trends.
Altcoins are displaying activity and resilience, with many already responding positively to renewed demand. Analyzing trading pairs with Bitcoin could help investors make more informed decisions.
