When is Altcoin Season Coming? Here's the analysis

Bittime - Actually, when will altcoin season come? There has been a lot of speculation about the schedule for the arrival of altcoins, starting from before the Bitcoin Halving moment until now, the altcoin season has not yet appeared.

So, this article will discuss this as well as possible reasons why altcoin investors are experiencing difficulties. Will all altcoins experience recovery when altcoin season comes?

Altcoin Season Yet to Be Seen

In fact, we are not yet close to altcoin season. Since the FTX crash, only eight coins have managed to surpass the record high compared to Bitcoin.

Bitcoin dominance is currently between 51% and 56%, much higher than previous bull runs (38% in 2017-2018 and 2020-2021).

Apart from prices, the lack of new retail flows is also an issue. Coinbase's retail trading volume is down 68% compared to the peak of the previous bull run.

Something similar can be seen from social media sentiment and search interest. Crypto-focused YouTuber data shows a drastic decline in views and subscriber growth compared to previous periods.

Google search trends for cryptocurrencies also pale in comparison to previous bull runs.

Factors Affecting the Weakening of Altcoins

There are several factors that play a role, namely:

• Climate Economy: High interest rates and the cost of living crisis make people cautious about investing in risky assets like crypto.
• Trauma FTX: The FTX scandal made retail investors wary of crypto.
• Lack of Public Understanding: Most lay people do not have a good understanding of crypto and get their information from the mainstream media which is often negative.

So, when will Altcoin Season come?

It's hard to say for sure when the altcoin season will come. However, several factors can influence it, such as:

• The Fed's Interest Rate Policy: If the Fed lowers interest rates, this could encourage more investment into risky assets like crypto.
• Bitcoin Price: Historically, a rise in Bitcoin prices has often been followed by an increase in interest in altcoins.
• US Election Cycle: The outcome of the US election could impact regulation and overall sentiment towards crypto.

Notes on Altcoin Season Schedule

The next altcoin season may not lift all altcoin boats. Many of the big players from previous bull runs disappeared and never recovered.

Choose an altcoin with a strong team, good funding, an active community, a clear technology development plan, and a compelling narrative. Not All Altcoins Will Rise When Altcoin Season Comes

Not all altcoins will surge as in previous periods. In fact, many altcoins from the 2017-2018 bull run disappeared and never reached their record highs again. Instead, they sink to the bottom of the crypto ocean.

To avoid disappointment, you should do your own research instead of just hoping for altcoin season. Here are some criteria to consider when choosing an altcoin:

• Strong Team: Find out who the development team is behind the project. Do they have experience and a good reputation?
• Good Funding: Does the project have sufficient funding for long-term development?
• Active Community: Is there an active community behind the project? This shows interest and support for the project.
• Clear Technology Development Plan: Does the project have a clear and realistic development plan?
• Compelling Narrative: Does the project have a compelling story and solve a real problem?

Understand Fundamentals of Every Altcoin

Remember the wise words of Benjamin Graham, Warren Buffett's mentor: "In the short term, the market is a voting machine, but in the long term, the market is a weighing machine."

Focus on the fundamentals of the coin or token, not just the momentary hype. Choose altcoins that have long-term potential and can withstand testing.

Conclusion

The next altcoin season may still be far away and not all altcoins will experience an increase. Investors must be wise in choosing altcoins and focus on strong fundamentals to achieve long-term success.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via over. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets at over, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet.

For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Study Complete Guide How to Buy Crypto on Bittime.

Monitor graphic movement Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.