Alphractal CEO Joao Wedson Announced the Start of Altcoin Season
Joao Wedson, CEO of cryptocurrency analysis firm Alphractal, made important statements regarding the altcoin season in a comprehensive assessment he conducted via social media. Wedson stated that movements in the altcoin market have begun and that this trend could strengthen even further in the coming months.
Wedson marked June and July as the beginning of the altcoin season, describing this period as an 'exit from the accumulation zone.' The CEO predicted that investors would show more interest in altcoins during this process.
Wedson, who believes that interest in altcoins will peak in August and September, described this period as a phase where Memecoin, GameFi, and DeFi projects will shine. Expecting Bitcoin's dominance to decline rapidly, Wedson argued that the altcoin rally will continue to strengthen.
Wedson, who made a striking warning for October and November, stated that many altcoins could reach their all-time highs. However, he pointed out that this period will also mark the beginning of the 'distribution' phase.
Wedson expressed that the altcoin season has already begun for some tokens and that this process will continue to accelerate. He claimed that Bitcoin's influence on the market is gradually decreasing and that it is no longer preferred for daily transactions due to its technical limitations. The CEO included the following statements in his remarks:
"Today, the vast majority of cryptocurrency transactions are conducted through networks such as Ethereum, Tron, and BSC. The Bitcoin blockchain is used very little in daily transactions, and this rate has been declining since 2022."
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