With Bitcoin, the biggest cryptocurrency, recently hitting an all-time high of $111,980 and taking over 64.64% of the market, many in the crypto community are starting to wonder: When will the altcoin season finally arrive?
Meanwhile, Veteran Crypto expert Michael van de Poppe explained why he thinks the altcoins season is about to start soon.
Altcoins Have Been Slow for Years
Michael says that altcoins have not been doing well since late 2021. He remembers that the last big altcoin season was in 2017, when almost every altcoin was going up fast.
In 2021, older altcoins didn’t do as well as newer tokens. In 2024, most of the hype was about memecoins, not the usual altcoins.
He also points out that in the past four years, Bitcoin went as high as $65,000, and during that time, around 95% of altcoin gains were already done. But after that, altcoins kept falling, and many people stopped caring about them.
Global Factors Holding Back Altcoins
Van de Poppe believes this cycle is different. He says that altcoins are underperforming because we’re still in a “Bitcoin season,” and people are afraid to take risks.
Meanwhile, Central banks are changing their economic policies, and many fear a recession. And the real progress is happening in DeFi and other parts of the crypto world.
Gold is even hitting a new all-time high, which might make people feel safer about investing again. Even the Chinese Renminbi is doing better than the Dollar, which often helps Ethereum do better than Bitcoin.
Altcoin Season: When Will It Start?
Michael shares that people are eagerly waiting for altcoin season, asking, “When will it start?” He says there are two types of people right now, some think the market is still in a bear phase, while others believe the next big rise is just beginning.
He feels that now is a good time to pick up altcoins. Many of them are priced low and have strong teams.
Michael says this is the chance to buy them quietly, before the rest of the world catches on.
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