The altcoin season is one of the most anticipated events of the year. At this time every year, the market witnesses the rise of major altcoins, all of which show an upward trend, ultimately surpassing Bitcoin and dominating the market. This phenomenon usually occurs shortly after a major bull market, when Bitcoin's price stabilizes and volatility begins to decrease. Investors are looking forward to the arrival of the altcoin season, and here are some key indicators to watch, which may signal the start of a season that investors can fully enjoy.
Analysts explain the signs of the approaching altcoin season.
When tracking the beginning phase of the altcoin market season, market capitalization is an important metric. When bullish forces shake the market, the market capitalization of altcoins tends to rise. That said, according to Mags on X, the altcoin market season is currently repeating its previous patterns, entering its final confirmation phase, known as the 'upward phase.'
Discussing the elements of the season in detail, the market capitalization of altcoins first explores the phase before the halving, which is considered to touch the surface, thus seen as 'the first stage of rise.'
The second stage of this pattern begins in the period after the halving, where the market experiences a rising re-accumulation phenomenon.
Finally, Mags shared that the market capitalization is currently in the 'only rising' phase. After this pattern, altcoins will present a full vertical trend.
Altcoins: This cryptocurrency cycle is no different. The market capitalization of altcoins has just entered the 'sustained rising' phase, following the same pattern as previous cycles: 1) Pre-halving - the first wave of rise. 2) Post-halving - re-accumulation. 3) Sustained rise - overall vertical trend.
When does the season start?
Mags indicates that the market capitalization of altcoins has entered the final stage before a breakthrough growth phase, and a new season is about to begin. This expert predicts that if everything goes according to the predicted pattern and plan, the new season could push the market capitalization of altcoins to $6 trillion. Additionally, other top experts, like BitMEX's Arthur Hayes, have also stated that the start of the altcoin season is earlier than expected.
"In the last cycle, the market capitalization of altcoins increased 21 times after the halving. Even if it only grows a third of that, we will see a market capitalization of $6 trillion," Mags said.
In this regard, Zhao Changpeng recently mentioned the start of the altcoin season. Zhao Changpeng stated on Twitter that the 'fear of missing out (FOMO)' season might arrive soon, which has excited the public.
