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Are we There Yet? This is why one analyst says it is not the ‘altcoin season’ by Cointelegraph


Are we There Yet? This is why one analyst says it is not the ‘altcoin season’.

Few traders will argue against that fact (BTCis in a bull market, but there is little consensus as to whether the market is in the middle of the “altcoin season”. A quick look at Crypto Twitter shows the split among traders sure we are halfway through the alternate season and those who believe it has yet to begin.

Typically, traders rely on a wide range of metrics and metrics, such as Bitcoin’s total market cap versus the total market cap of altcoins, Bitcoin’s dominance rate, and whether altcoins are low-cap. increase by a certain percentage or not.

Weekly chart dominates the Bitcoin market cap. Source: TradingView, Jarvis Labs
weekly chart. Source: TradingView, Jarvis Labs