The analysis of the cryptocurrency market highlights uncertainty surrounding the altcoin season. Despite discussions, the start of this season is unconfirmed.
State of Altcoin Market
Currently, the altcoin market is showing a sluggish state, leading to disagreements among analysts regarding the start of the season. Some believe the altcoin season has already begun, while others insist it has not yet happened.
Analysts' Expectations
Bitfinex analysts assert that the altcoin season will not begin until more cryptocurrency ETFs are launched. While most experts analyze historical data and Bitcoin dominance, Bitfinex analysts emphasize that the last cycle was driven by ETFs.
Key Factors for Season Start
Analysts noted that launching crypto ETFs, especially those targeting altcoins, could create sustained demand in this area and initiate the altcoin season. They speculate that such ETFs will encourage institutional investments already seen with Bitcoin and Ethereum.
Overall, the current situation in the cryptocurrency market remains calm. Without new ETF launches, the altcoin season continues to be uncertain.
