Some users on X believe that the altcoin season may start on July 1, just as it did in July 2017 and 2021. In those years, the market multiplied the value of many altcoins by 125 and 180 times, respectively. Now there is even talk of an increase of up to 235 times.
Are there real signals?
Several analysts have detected a moving average crossover (Golden Cross) in the total altcoin market capitalization chart, which has historically been a positive signal. They also emphasize that the market pattern closely resembles that of 2020, just before the major movement of 2021.
But we must be realistic. According to the Altseason Index, only 24 of the top 100 altcoins are performing better than Bitcoin. Additionally, BTC dominance remains high (around 64%). In other altcoin seasons, this dominance fell below 60%.