Debates about the start of the altcoin season continue, with various market participants providing differing views on its potential onset this year.
Expert Opinions on the Altcoin Season
Opinions on the onset of altcoin season are divided. Some analysts believe that altcoins will underperform for the rest of the year, while others, like analyst João Wedson, express optimism. Wedson stated that a *'mini altcoin season'* is underway, with 90% of altcoins outperforming Bitcoin in the last 72 hours. He also noted that after a long wait, the coming weeks should show market activity in altcoins.
Performance Data of Altcoins
According to data from CoinMarketCap, only 26 out of the top 100 altcoins have outperformed Bitcoin over the last 90 days. The highest value of the altcoin index was recorded in June, when 30 altcoins outperformed Bitcoin. However, in April, the number of altcoins that outperformed Bitcoin fell to 12.
Forecasts and Future Expectations
Wedson comments that several 'mini altcoin seasons' can occur within a single week, activating the actions of large investors (whales). He asserts that a 'larger altcoin season' is already in process. However, experts caution to keep an eye on market dynamics and not overlook the risks.
Despite the divide in opinions, there is enthusiasm from analysts who are confident in the imminent arrival of the altcoin season. It is important to monitor changes in the market and avoid hasty conclusions.
