Altcoin seasons are expected to persist, appealing to speculative traders, but their impact will likely decrease as the crypto market matures, according to analyst Willy Woo.
“Alt seasons will be weaker each cycle compared to the massive 2017 altcoin bubble,” Woo shared in an Oct. 26 post on X, referencing the initial coin offering (ICO) boom that began that year.
Woo clarified that altcoin cycles will still happen, with mid- and low-cap cryptocurrencies “pumping” after Bitcoin surges, as investors seek returns higher up on the risk curve. Traders often see Bitcoin dominance peaking as a signal to shift into altcoins. Currently, Bitcoin’s dominance is around 59.31%, close to the 60% level that some analysts say could prompt capital flow into altcoins.
Willy Woo warns against HODLing altcoins
Woo cautioned his followers, saying, “Don’t ever hodl altcoins unless you’re an insider, as the altcoin market often operates like a casino where the house wins.” He explained that alt market cap only reflects surviving tokens, not failed ones.
Though some expect an “altseason” if Bitcoin hits its all-time high of $73,679 or even $80,000, analysts remain divided on the conditions needed to trigger the next altcoin surge.
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