Investors in the cryptocurrency world express growing expectations for the start of the altcoin season. A survey among 2000 participants shows interest in altcoins despite the current market instability.
Investor Expectations by Season
According to the survey, 36% of participants expect the altcoin season to start in Q3 2023. 22% believe it may continue into Q4. Meanwhile, 16.7% are convinced that the altcoin season has already begun.
Reasons for the Low Altcoin Season Index
Data from CoinMarketCap shows the altcoin season index at just 16, significantly lower than the level typically associated with the start of this season. This indicates that Bitcoin continues to maintain market dominance.
Optimism and Uncertainty in the Market
46% of respondents feel fear or extreme fear regarding market conditions. Meanwhile, 29.3% have a neutral view, and only 24.7% express hope for market improvement. This indicates a prevailing uncertainty caused by recent market fluctuations.
The expectations for the altcoin season highlight a complex sentiment among investors, where optimism coexists with caution. Investors continue to monitor the market, hoping for positive changes.
