When all the big players in the market are focusing on BTC, there are still some who believe in an Altcoin Season.
Discussing in a positive direction, the altcoin season is the desire of all participants in the cryptocurrency market, but thinking negatively, this is a phrase that guides public opinion. Why do I say that?
The last time this phrase started to spread widely again was in 10-2024 until now. Most people are looking forward to a major breakthrough in the market at the end of 2024, along with good news for the market such as Trump's election, BTC Halving… which could help altcoins grow strongly.
But now, everyone, let's sit down and review this period.
In terms of price range, does the increase of altcoins correspond to the increase of BTC?, while BTC adjusts, altcoins drop 2-3 times? BTC decreases, altcoins decrease but Dominance increases? These things are repeating without any signs of ending.
In terms of news, is Trump helping the cryptocurrency market grow or using the market to achieve many personal and group interests? Before Trump took office as president, he created memecoins during a time when the market was immersed in them, I call memecoins a pointless game because they don't bring any real benefits to the crypto community other than temporary enjoyment. Does someone willing to lead trends like Trump want the market to be in turmoil like this? Moreover, recently, Trump has launched a trade war with China, Canada, and Mexico. What benefit does this have for altcoins? No no no, it is leading everyone towards a single direction, which is Bitcoin. If BTC is likened to digital gold, then when there is war (trade or armed), BTC is no different from a reserve asset…
You will see many more interesting things if you pay attention.
In summary, what I want to say is that people should not expect signals of Altcoin Season at this stage and also should not mention it. The market now is no different from a game of the powerful, and whales may not even survive.
*The altcoin season can only occur when BTC no longer exists.
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