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Altseason or Just a Mirage? Analysts Debate the Future of Altcoins
The crypto market has been abuzz with speculation about the start of altcoin season. However, not all experts are convinced that this is the case just yet.
Ki Young Ju, CEO of CryptoQuant, believes that the altcoin market has already begun its rally. According to him, the current trend marks a significant departure from previous cycles where Bitcoin’s dominance served as an indicator for altcoin performance. In his view, trading volume now plays a much more critical role in determining the trajectory of alternative assets.
Ju emphasizes that this shift is marked by the fact that Bitcoin is no longer acting as the primary quote currency for altcoin trades. Instead, other digital currencies have taken on this role, and these assets are garnering increased attention from investors.
In contrast, Crypto analyst “Xremlin” argues that we may not be seeing a traditional altseason just yet. According to his assessment, historical data indicates that there is a high probability of two potential peaks in 2025: one between May-June and another between August-September. Xremlin attributes this delay to the significant changes in the market structure brought about by ETF-driven Bitcoin strength.
He notes that unlike previous cycles where large-scale profiting from Bitcoin led to a rotation into altcoins, the current situation is different. In this case, much of Bitcoin’s strength can be attributed to ETFs, which are essentially locked and unable to rotate into alternative assets. Additionally, he highlights the proliferation of new tokens, spreading demand across multiple sectors and thereby diminishing the potential for a concentrated rally.
Furthermore, Xremlin believes that market behavior has shifted toward short-term speculation, driven by memes and quick flips rather than long-term bets on innovation or technology.
Despite these concerns, the analyst remains optimistic about the broader macro environment. He points to factors such as easing regulations, pro-crypto policies, increasing global liquidity, and potential approvals for major altcoins like Solana and XRP.
While not all altcoins are likely to benefit equally, Xremlin does see opportunities in sectors such as Real World Assets (RWA) and AI-related projects.
Source: cryptopotato.com
