The Altcoin Season Is Approaching: Should We Invest Now ?

The crypto market is in full swing, much to the delight of traders and enthusiasts. As values rise, one question remains: how long will this ascent last? Many analysts are already beginning to speculate about a potential altcoin season, where alternative assets could well dominate Bitcoin. But what is the reality, and what signs should be watched for this long-awaited altseason?

Signs of the Altseason

Experts are unanimous: signals of an altcoin season are visible in the current market dynamics. Bitcoin recently reached an all-time high, but its dominance over other cryptocurrencies is beginning to wane. To trigger an altseason, around 33 of the top 50 altcoins must outperform Bitcoin in growth.

https://twitter.com/IncomeSharks/status/1855032974427013185

Currently, 19 altcoins have taken the lead, suggesting a boiling period for alternative tokens.

MikyBull Crypto, a recognized analyst, emphasizes that the dominance of Bitcoin is approaching a bearish “MACD crossover”, an indicator usually associated with altcoin rallies. According to him, “the post-election atmosphere creates a favorable environment for altcoins”.

Here are the prerequisites for this altseason:

• 33 altcoins among the top 50 need to outperform Bitcoin;
• Bitcoin must maintain a certain level of volatility;
• Investors seeking to diversify their portfolios into alternative tokens.

Others, like IncomeSharks, recommend buying and holding altcoins in November, convinced that this season could indeed begin before the end of the month.

The Crypto Market in Full Transformation

The crypto market is changing rapidly, drawing the attention of investors. Despite Bitcoin’s record performance, its dominance could drop if institutions continue to show interest.

The altcoin season index reveals that for a full-fledged altseason, it is necessary for 75% of altcoins to outperform Bitcoin. This remains a challenging target, especially since only 19 out of the 33 needed are showing up today.

For some analysts, as long as the price of Bitcoin does not break through $80,000, the altcoin season will remain limited. If large institutions increase their interest in Bitcoin, this dominance could extend, pushing the altcoin season back to 2025.