Is Altcoin Season Near? When Will It Start and Which Altcoins Will Stand Out? CEO of Analysis Company Shares His Predictions!
2 min read
While Ethereum’s unexpected and massive recent rise increases expectations for the altcoin season, Joao Wedson, CEO of cryptocurrency analysis company Alphractal, made remarkable statements about the altcoin season. In his comprehensive assessment via his X account, Alphractal CEO stated that we are already in an altcoin season. Stating that movement has started in the altcoin market under the leadership of ETH, the famous CEO said that this trend may accelerate even more in the coming months. Recalling that he warned investors in April, Wedson said that it was “time to buy altcoins and focus on newly launched altcoins. Many are already up over 100% and outperforming Bitcoin.” Stating that it is not too late, Wedson said that he expects the altcoin season to become even more intense starting from June. According to Wedson, the vast majority of altcoins that will surge come July are expected to be those launched in late 2024 and early 2025, as well as in 2020/2021. Stating that the majority of altcoins have been on the rise in recent days, the famous CEO said that he expects a correction in the short term. Therefore, he advised investors to follow the next buying opportunity and not to miss it. Finally, the analyst, who expects Bitcoin dominance to decline and the altcoin rally to accelerate in a few months, added that even if BTC declines in the short term, he does not expect a decline since the majority of altcoins are at the bottom. “We are already in an Alt Season and it is likely to intensify further from June onwards. ….. It is expected that the majority of altcoins that will rise in July will be those launched in late 2024 and early 2025, as in 2020/2021. …..BTC dominance is expected to decline rapidly in the next few months. Even if BTC declines in the coming weeks, most altcoins have already reached their lows and are unlikely to fall below their recent price levels. *This is not investment advice. Continue Reading: Is Altcoin Season Near? When Will It Start and Which Altcoins Will Stand Out? CEO of Analysis Company Shares His Predictions!
Source: BitcoinSistemi
