The cryptocurrency market is speculating about the next altseason. Despite skepticism, historical data indicates potential altcoin surges following Bitcoin's next halving.
Historical Trends in Altcoin Seasons
The first major altseason occurred after Bitcoin's second halving on July 9, 2016. Altcoins surged for 203 days with a trading volume of 17.02 trillion. Following the third halving on May 11, 2020, the second altseason lasted 238 days with a volume of 10.12 trillion, indicating a lengthening trend in cycles.
Expectations After 2024 Halving
Bitcoin's fourth halving, scheduled for April 2024, might trigger the next altseason. The last cycle spanned 273 days with a trading volume of 18.41 trillion. If the trend continues, we could see prolonged growth and greater market participation.
Market Impact and Projections
Altseasons bring heightened volatility and market activity. If past trends persist, the altcoin market may experience a significant breakout in the coming months.
Historical data suggests the upcoming Bitcoin halving could once again spark an altcoin boom, aligning with the trend of lengthening altseasons and increasing trading volumes.
