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Leowrld⚡
@leowrld
Why Has the Altcoin Season Not Truly Begun? The crypto market is abuzz with expectations of an upcoming altcoin season, with many digital currencies able to capitalize on the current rally and in many cases, even outperform BTC. Altcoin season may have to wait a while In theory, an altcoin season begins when 37 of the top 50 altcoins surpass Bitcoin in terms of 90-day average growth. Currently, the chart shows that 17 of the top 50 altcoins have surpassed Bitcoin, with SUI leading the way with an impressive 155% gain. Typically, altcoins move in tandem with Bitcoin, peaking when market sentiment towards BTC is bullish. This is happening as investor confidence in Bitcoin spills over into the altcoin market, encouraging traders to seek higher returns from these alternative assets. History shows that Bitcoin halving years are often important starting points for a re-accumulation phase, which is often followed by a significant rally.
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Leowrld⚡
@leowrld
However, a steady accumulation process has yet to take shape, which will be crucial in determining the outlook for an altcoin season. Therefore, unless BTC retests its previous all-time high (ATH), altcoins may only see short-term gains!!
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Buildcore
@buildcore
Thank you. Cast approved.
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Just Build
@justbuild
Approved.
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