Recent discussions among cryptocurrency traders suggest a potential shift in the market dynamics, particularly surrounding altcoins. Notably, Michaël van de Poppe, the founder of MN Trading Capital, has countered claims that altcoin season is already behind us, asserting that it has not even begun. His perspective hinges on the observation that many altcoins are still hovering near their local price bottoms, which raises questions about the timing of a significant market upswing.
Van de Poppe shared his thoughts in a post, stating, “I don’t understand why people start claiming that a bear market is around the corner. They are literally on the bottom.” He further anticipates a positive market shift within the next 12-24 months. Despite some altcoins witnessing gains over the past month, many remain substantially below their peaks from earlier this year, particularly around the time of US President Donald Trump’s inauguration.
For instance, Solana (SOL) has experienced a 17.84% increase over the last 30 days, currently trading at $175.17. However, it still reflects a 32% decline from its price recorded on January 19. Similarly, XRP managed a modest gain of 1.98% but is down 29.35% from January levels.
As the crypto community engages in diverse analyses, van de Poppe’s claims are echoed by other prominent traders. For example, crypto trader Davinci Jeremie has suggested that altcoins will soon exhibit explosive growth, likening their potential rise to a wildfire. Similarly, another trader, known as Moustache, emphasized that an altcoin season is not merely a concept but an impending reality.
Many market participants speculate that the surge in altcoin activity will follow a period of outperformance by Ethereum (ETH) compared to Bitcoin (BTC). Currently, the ETH/BTC ratio stands at 0.02430, displaying a significant increase of 26.74% over the past month.
Despite these optimistic forecasts, it is worth noting that the CoinMarketCap’s Altcoin Season Index, which evaluates the performance of the top 100 altcoins relative to Bitcoin, currently reflects a market still leaning towards Bitcoin dominance, with a score of 24 out of 100.
Interestingly, Fartcoin has led the pack with remarkable gains over the last 90 days, recording a staggering 316.72% increase, followed by Four (FORM) at 148.15% and Virtuals Protocol (VIRTUAL) at 107.47%.
This article does not constitute investment advice or recommendations. Every investment and trading decision carries risks, and readers are encouraged to conduct their own research before engaging in trading activities.
