Altseason is a period when altcoins become more attractive to investors. While the exact timing of its onset is unknown, several factors indicate a potential growth in interest towards these assets.
Current Market Situation
Since the recent low in April at $8.5 billion, trading volume has fluctuated between $10 to $12 billion. This indicates relative stagnation in this market segment.
Bitcoin and Ethereum Dynamics
During the same period, Bitcoin rose by 36%, climbing from $79k to $108k. Ethereum, on the other hand, increased by 61% — from $1585 to $2565.
Predictions and Expectations
Experts have noted that the current market activity may indicate an impending rise in altcoins. However, investors remain on the lookout for clearer signs of the season's start.
Despite the lack of clear timelines for the start of altseason, the current market situation and the growth of key cryptocurrencies create conditions for a possible increased interest in altcoins.
