There are several key points to note about whether the altcoin season will come:
1⃣️Although the expectation of interest rate cuts has not yet been realized, the market has begun to anticipate this policy trend, which is equivalent to an external release of water. In addition, in the US election, candidates all hope to win the support of the cryptocurrency market.
2⃣️The current altcoin bull market is expected to appear, but due to the huge market size, the increase may be small. The sectors are scattered, each sector has a certain appeal, and the degree of dispersion of funds may be greater than before, so most altcoins may not have the same trend as meme coins.
3⃣️The passage of Ethereum ETF is very critical to the launch of this round of altcoin bull market. Historically, the passage of ETFs can enhance market expectations for mainstream cryptocurrencies, thereby driving the rise of altcoins. Ethereum's position in altcoins is equivalent to a leader, which can bring buying sentiment to the entire market.
4⃣️The total market value of altcoins is currently close to the bull market level, but many currencies still fail to outperform the market. This shows that the market has entered a new normal, and all sectors and projects can no longer continue to set new highs like in the previous bull market. In this case, investors' ability to select coins will face a greater test.
