You are still waiting for the altcoin season? These scales show the reason for never occurring

Bitcoin has To date, to give up its dominance In this market round, there are still many investors Holding hopes For the arrival of the Altcoin season. However, there is still a possibility that Altcoin may not bear fruit this season, given the recent market trends in this round.

The encryption analyst Ali Martinez chanted this perspective in a modern post on X, claiming that the altcoin season may never return. His note highlights Change in market dynamics And the important transformations that have occurred since the previous alternative seasons.

Why not happen altseason

Altcoin season It is defined in a period of High prices in a wide range of altcoins. Moreover, the Altcoin season is characterized by investors who spend their profits in Bitcoin and pay them in Altcoins. This period is always accompanied by the noise of social media and FOMO from Crypto investors who are pushing to enter this work.

Related reading

However, the current market conditions have witnessed that the encryption industry grows from its early days to a new market with a close relationship with investors in the traditional finance sector. In addition, the Altcoin market has expanded significantly since the last big race in 2021, and you can say that it has become somewhat saturated.

Martinez The most amazing statistics: More than 36.4 million altcoins is now circulating. This is an enormous increase compared to less than 3000 Altcoins during the Altcoin 2017-2018 season and a smaller group of less than 500 in the 2013-2014 bull market cycle.

The tremendous measure of this explosion mainly changed the scene of the cryptocurrency, reduce interest and capital between a huge number of assets. This excessive saturation means that achieving wide prices throughout Altcoins has become a more challenging proposal than in previous market courses. Moreover, many of these situations are unclear for use or poor basics and transforming attention only from specific Altcoins with a strong benefit.

Can the era of altcoin seasons end?

The concept of Altcoin season It may be residue From a less crowded market. Ethereum, Akbar Altcoin, has significantly failed to perform expectations in this course. Known as the main driver for the last altcoin season, ethereum I struggle to acquire the momentum For more than a year, even as other altcoins such as Solana, XRP, Cardano and Dogoin continues to click on its highest levels in the years.

Related reading

If Ethereum, with his dominance and firm benefit, cannot present it, it raises dangerous questions about the other altcoins capabilities of the assembly. Instead, individual altcoins with strong basics or unique suggestions can last in prosperity while the rest of the market remains stagnant.

At the time of writing this report, Coinmarketca dominance data shows that Bitcoin requires 57.9 % of the total maximum Crypto market, which increased 0.69 % in the past 24 hours. Meanwhile, ETHEREUM steadily loses the Earth, with its dominance decreased by 1.07 % during the same period, and it now represents only 11.1 % of the total market.

Distinctive image from Istock, Chart from TradingView.com