Crypto market analysts warn that it is still too early to talk about the beginning of a full-fledged 'altcoin season.' According to researcher CryptoQuant under the pseudonym Darkfost, the current dynamics of alternative cryptocurrencies is the weakest in this entire cycle. A comparative analysis of the price movements of BTC, major altcoins (top-20), and tokens with medium and small market capitalizations shows that none of these groups have been able to confidently outperform the flagship cryptocurrency's performance.
The most prominent surge in altcoins occurred at the beginning of 2024, when medium and small projects significantly outperformed BTC in terms of returns in a short time. The second phase of growth came at the end of 2024 - the beginning of 2025. However, during that time, Bitcoin still maintained its leadership, despite the prices of alternative cryptocurrencies. Currently, the reaction of altcoins to the rise in prices has been minimal. This, according to experts, may indicate the beginning of a long journey rather than the culmination of growth.
Cryptocurrency analyst Benjamin Cohen also noted that since April, altcoins have fallen in price by an average of 47% relative to Ethereum (ETH). According to him, even during periods of Bitcoin dominance, there are always a few projects that stand out from the overall picture, but this does not change the global trend.
'This is not yet an altcoin season. For now, it's just the season of Ethereum. One should not confuse the two,' Cohen emphasized. In his opinion, the current market situation indicates a need for patience from investors, especially those expecting significant growth in altcoins in the near future. This was also repeatedly stated by another well-known industry researcher, Mikael van de Poppe. The popular investor believes that the growth of alternative cryptocurrencies is yet to come, and holders should stop panicking and patiently wait.