The Coming Altseason

Bitcoin’s dominance on the weekly chart has broken out of the rising wedge that started early last year. With more and more whale investors making strategic investments in the altcoin industry, it is certain that altcoins will outperform Bitcoin in the coming months.

The presence of over 12,000 altcoins in the cryptocurrency industry means that existing liquidity is severely diluted. Therefore, some altcoins may not experience a full-blown parabolic rise in the coming months.

In the expected altcoin season, cryptocurrency investors should carefully consider DeFi tokens that solve real-world problems, community-backed memecoins, well-funded second-layer tokens, and AI-centric tokens.