When Will These Cryptos PUMP?! Altcoin Season Update!
Are Your Crypto Bags Underwater? Here’s What You Need to Know:
If you bought altcoins during the last bull market and are now wondering when or if they will recover, you're not alone. The recovery of your investments depends on several factors, and here’s what you need to consider.
Current Market Conditions
The most significant factor impacting your crypto investments is the lack of a robust altcoin season. Since the fall of FTX, only eight coins have surpassed their previous all-time highs against Bitcoin. Bitcoin dominance has hovered between 51% and 56% over the past six months, far from the drops to 38% seen in previous cycles.
Retail Inflows and Sentiment
Retail trading volumes have significantly decreased. The app’s popularity has also declined, indicating reduced retail interest. Social sentiment on platforms like Twitter and YouTube is down compared to previous cycles.
When Will Altcoin Season Return?
The timing of the next altcoin season depends largely on macroeconomic factors, particularly interest rates. A potential pivot in Fed policy might encourage more investment into speculative assets.
Selecting the Right Altcoins
Not all altcoins will recover. Coins that thrived in the 2017-2018 cycle did not necessarily perform well in the 2021 cycle. Focus on altcoins with strong fundamentals, including robust teams, funding, community support, and compelling narratives. Conduct thorough research to ensure your investments have potential.
While we are not yet in an altcoin season, understanding the factors at play can help you prepare. Monitor macroeconomic trends, retail sentiment, and Bitcoin’s performance. Carefully select altcoins with strong potential to maximize your chances of benefiting when the market turns.
What are your thoughts? When do you think we'll see an altcoin season, and which coins do you believe will thrive? Let us know in the comments below!
