Altseason wen?
That’s the question crypto market stakeholders are asking in anticipation of a lush season where altcoin investors will harvest the rewards of their patience as attention and capital flow from Bitcoin into other cryptocurrencies like Solana and XRP.
Online interest in altcoins is rising. Data from Google Trends shows search interest for altcoins overtook Bitcoin in July for the first time since November 2024. But even with retail enthusiasm stirring again, some analysts say the market isn’t ready for altcoins to explode.
“The broader altcoin market still lacks the sustained capital rotation and structural demand necessary to break out of its historical range,” analysts at Bitfinex, a crypto exchange, told DL News.
“Until this changes, altcoin rallies are likely to remain short-lived and vulnerable to broader market pullbacks.”