Recent statements from market experts hint at a possible start of a new altcoin season. Meanwhile, opinions among investors remain divided.
Chart Analysis Suggests Potential Altcoin Breakout
Peter Brandt, a renowned market analyst, predicted a possible start of altcoin season. He published a chart showing the current cryptocurrency market cap, excluding Bitcoin, at $1.39 trillion. The chart is displaying the formation of a 'Cup and Handle' pattern, which traditionally precedes sharp price movements.
Bitcoin Dominance and its Significance for Altcoins
Currently, Bitcoin's dominance is around 64%. According to historical data, when this figure drops below 60%, altcoins typically begin to rise as traders move their capital from Bitcoin to other assets. Analysts are predicting a potential altcoin boom in 2025, directing attention toward large-cap coins and high-risk meme coins.
Crypto Community Opinions on Altcoin Season
Not all members of the crypto community agree that a new altcoin season has begun. Popular crypto YouTuber Jeremie Davinci expressed skepticism, stating, 'Altseason hasn’t started. But when it’s here, most will be too late.' His assertion triggered mixed reactions among followers. Some support Brandt's analysis, while others express skepticism, pointing to the risks involved.
There are opinions suggesting a possible start of altcoin season, but investor caution remains paramount. As always in the crypto market, it is essential to monitor trends carefully and exercise caution.
