- Analysts say altcoin season hype lacks proof, and retail traders are still missing.
- ALT/BTC pairs remain weak as bots and insiders dominate low-liquidity trading.
- CMC index sits at 24, far below the level needed to confirm a true altcoin rally.
The X platform is seeing a lot of discussion about altcoin season, but experts think that the time is not quite right yet. Bitcoin is rising sharply, but most other altcoins have not changed much in price. According to experts, there is no strong proof of real momentum behind this trend. Most of the hype comes from online conversations, not from real market analysis. Retail participation has yet to materialize, and key indicators suggest a modest move forward.
According to Analyst VirtualBacon, the market’s strength is not what it appears to be. Even though bitcoin dominance is going up, most smaller coins are not making much progress. The CoinMarketCap Altcoin Season Index is currently at 24. It’s far too little to confirm that altcoins are in a bull phase.
VirtualBacon also identifies weaknesses in the ALT/BTC pair. HYPE is one of the cryptocurrencies referred to in his example. The project is strong, but its value now seems difficult to explain. Since it has a high P/E ratio and a $37 billion FDV, it appears unattractive to small investors at present.
Selective Altcoin Bets, High Caution
As a result, VirtualBacon chose to avoid investing in many altcoins. His main interests include Bitcoin, Ethereum, and Solana. He backs TAO for progress in AI. He advises picking up coins focused on infrastructure, such as JUP, SAROS, and BORG. He observes launchpads such as AERO and VIRTUAL, among others.
Another issue is meeting the liquidity requirements. The market has yet to see investment from regular investors. The popular cryptocurrencies have barely changed their prices. When tokens aren’t moving, it becomes hard to believe that an altcoin rally is already happening.
While there is a lot of talk on the internet, actual market data shows something else. The majority of altcoins are still weak, but Bitcoin is holding strong. There is little trading activity now, and retail investors are not returning yet. If more people don’t take part, the prices of altcoins could continue to stay flat. With only weak signals for now, this period of “altcoin season” ought to be considered as temporary enthusiasm.
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