Are Altcoins Really Ready for a Rise and Worth Investing in Now?

While an altcoin season seems unlikely due to the prevailing negative market sentiment, other indicators point to a possible altcoin rally. Martin noted that in the summer of 2020, when BTC was at a similar level, its price suddenly increased sixfold, leading to an increase in value from $10,000 to $60,000 per token in the second half of the year.

He views this precedent as an important signal, suggesting that altcoins may now be in the . This, in his opinion, points to a potential opportunity for traders to profit by acquiring undervalued altcoins before the market can rally.