Looking at the Cap chart of altcoins, we understand why Altcoins have not shown positive signs yet.
Bitcoin price is at its peak, but looking at Altcoin's capitalization, it is reaching 3/4 of last season's capitalization peak. And currently around 1.1 trillion on top of last season's peak of 1.6 trillion?
But in reality, there are a lot more Altcoins coming out this season, so the cash flow is fragmented and saturated... But the good ones with good technology or good VC funds are worth a few billion dollars.
So Altcoin has not been able to fly in recent times, but only seen a decrease like that! Only a few coins that have the ability to lead a really strong trend can receive the XX cash flow, but the majority have had their prices plummet.
So if you want Altcoin season, you must at least surpass the previous season's capitalization. Looking back at the 2021 season compared to 2017, the capitalization increased 4 times, this season's capitalization is expected to increase 2 times compared to 2021.. Then the times when the old ATH is exceeded and creating a new ATH will truly have the Altcoin Season wave.
