🦾The market capitalization of altcoins (excluding Ethereum) has reached the levels of the previous cycle and amounted to $1.12 trillion. However, the number of tokens and projects has increased significantly, and the adoption of the crypto market is broader, so the main growth is still ahead. At the peak from current levels, we could well see over $3 trillion in altcoin capitalization.
📈It seems that Bitcoin will need to grow much more to match the same performance of the altcoin season as in the past. There is fuel for growth – the increase in stablecoin flows to exchanges is optimistic and a sign of increased purchasing power.
👉The first peak – I expect in December/January, the second after the end of the tax season in the US closer to April, when any tax-related sales will fade, and participants will return to the market as buyers, leading to price increases in early summer. 'Sell in May and go away' is likely to apply to the crypto market as well.