Altcoins are largely in retreat mode again today while Bitcoin holds steady around $109,000, and their lackluster performance has not gone amiss among traders and analysts.
Crypto YouTuber Lark Davis was among those who observed that “don’t really do anything” while Bitcoin hits a peak, retreats, and recovers. “That’s the state of the crypto market right now,” he said on X on May 26.
It is true, the majority of altcoins are still way down from their peak prices during the last bull market in 2021, so when is altseason coming?
Altseason Coming Soon … Really
The majority of analysts and crypto traders share the opinion that it won’t be long, looking at current market conditions.
On May 27, Bitcoin OG Kyle Chassé said this altseason will be “epic,” but it won’t be like previous altseasons because there are just too many tokens for everything to go up.
Coingecko currently lists more than 17,000 tokens, and CoinMarketCap has a whopping 16 million crypto tokens tracked
We współpracy z: https://cryptopotato.com/crypto-traders-analysts-build-stronger-case-for-altseason/
