Is there still altcoin season?

The cryptocurrency "altcoin season" usually refers to a period when altcoins perform better than Bitcoin, and their prices and market capitalization rise rapidly.

The total amount of funds in the cryptocurrency market is constantly changing. When the overall market is full of funds, in addition to Bitcoin, a large amount of funds will flow into altcoins. The influx of funds provides impetus for the rise in altcoin prices, which is likely to give rise to the altcoin season. In addition, there is a sector rotation effect in the market, and investors will switch between different cryptocurrency sectors. When it comes to the altcoin sector, there will be a period when altcoins perform strongly.

Investors in the cryptocurrency market generally have a strong speculative mentality, pursuing high returns and short-term quick profits. The price of altcoins fluctuates greatly. Once there is an upward trend, it is easy to trigger investors to follow suit and form a herd effect. A large amount of funds will flow into the altcoin market, pushing the price of altcoins further up, and promoting the formation of the altcoin season.

Therefore, when funds are sufficient and when the copycat market starts to rise, speculation will inevitably lead to following the trend. Human nature has never changed, and the copycat season will eventually come, but it may not be the same as we imagined every time it comes!