Although many people are discussing the arrival of the explosive altcoin season, I will make a bold prediction: based on the current market situation, there will not be a real explosive altcoin season in the next 1 to 2 weeks.
The so-called explosive altcoin season usually has the following characteristics:
The Ethereum exchange rate continues to rise, and the price of Ethereum skyrockets continuously. The vast majority of altcoins (over 90%) rise several percentage points every day for several days or even a week, showing exceptionally strong performance.
Most investors recoup their costs or even make a profit, and market sentiment is extremely optimistic.
However, the current market performance still shows signs of consolidation, and it is expected that such explosive increases are unlikely to occur in the short term.