A historic "altseason" in perspective
The next stage of this cycle, referred to as the "banana singularity" by Raoul Pal, should be characterized by a widespread explosion of alternative cryptocurrencies (altcoins). The DeFi researcher 0xNobler shares this optimistic view, predicting a rise of bitcoin to 500,000 dollars that would trigger "the largest altcoin season in history".
This perspective is supported by the analysis of bitcoin dominance, currently stable at 58%. Historically, a drop in this indicator signals the beginning of a period favorable to altcoins. The current market consolidation, comparable to that observed in 2016-2017, could therefore precede a phase of massive expansion.
