Altcoin season: Is it time or just a scam?
Currently, the dominance of $BTC (DOMBTC) is quite high — and the condition for a true altcoin season to occur is usually when DOMBTC adjusts strongly.
- However, the market now is vastly different from 2021, when a plethora of new altcoins were 'springing up like mushrooms after the rain' every day. As of now, the market has up to 35 million tokens and the number continues to grow exponentially.
In addition, the market is currently experiencing a serious liquidity shortage, coupled with unstable news about politics, war, and tariffs making the market unpredictable and unpleasant. Many have left crypto to return to traditional jobs.
So, will the altcoin season actually arrive in the near future?
One of the factors I consider very important is that Trump is urging the FED to cut interest rates, which could help money flow back into the market, expected around August-September. Additionally, the trade war and tariff issues are likely to cool down as the parties reach an agreement.
Currently, even though the market seems bleak and many are frustrated, this is actually a good time to look for potential coins for the upcoming cycle.
The altcoins I am monitoring:
1. TRON ($TRX)
Recently, #TRON has voted Karen to become a Super Representative (in other words, a node on TRON). I predict Sun is quietly preparing for an IPO in the US market. If this is successful, $BNB could be the next name.
2. BNB
The volume on BNB Chain is quite good, and if CZ really returns to 'steer the ship', many gems will appear. Personally, I am holding quite a lot of BNB.
3. Trend INFOFI
This is a trend I believe will remain hot, helping everyone earn quite a bit from now until the end of the year, so keep a close eye.
