Are we at the beginning of the Altcoin season?

The cryptocurrency market is abuzz with speculation as signs point to an impending altcoin season. Market experts suggest that the stage is set for a major altcoin rally, driven by positive developments such as the US SEC’s early approval of a Spot Ethereum ETF in July. Additionally, new ETF requests for Solana from VanEck and 21Shares also fueled sentiment.

Whereas this growing optimism among both investors and analysts could mark the beginning of a new situation alternative season.

Market trend signals towards the start of the Altseason

Recent market developments have sparked excitement for an altcoin season, in which altcoins perform better BitcoinKey factors include the expected approval of a Spot Ethereum ETF by the US SEC in July, along with new ETF filings for Solana by Van Eck

and 21Azioni. In particular, these events are seen as potential catalysts for an altcoin rally, as they signal growing institutional interest and regulatory progress.

Meanwhile, further fueling the discussion, several market experts have offered a bullish outlook heading into the altseason. For context, popular cryptocurrency analyst Crypto Rover recently sparked discussions on X by highlighting a chart comparing altseasons to Bitcoin.

Sharing the chart, he said, “Altcoin season is upon us.” His analysis suggests that the altcoin market is poised for significant growth, supported by favorable market conditions and historical trends.

Source: Crypto Rover,

Likewise, Captain Faibik shared an optimistic attitude market capitalization chart for altcoins, which predicts a rise to $2.3 trillion. He acknowledged the challenges faced by altcoin holders, with altcoins down 40-50% recently.

However, he stressed that these corrections are necessary for a healthy trend. Faibik highlighted the robust gains in altcoins from October last year to March 2024, while recognizing the correction phase observed in the last three months.

Furthermore, the analyst even recommended buying altcoins on a dip and holding them for the next four to six months. He concluded his post by saying “Q3 and Q4 will be epic for altcoins.”

Source: Captain Faibik

Read also: ADA nears breakout for $0.7 ahead of Chang’s upgrade

Featured ETH/BTC Chart

The optimism is further fueled by insights from other cryptocurrency experts. Ali Martinez recently shared a bullish outlook for the altseason, comparing ETH/BTC chart and noticing the first signs of an alternative season.

In his post His analysis suggests that Ethereum’s performance relative to Bitcoin is a strong indicator of the potential of the broader altcoin market.

Source: Ali Martinez, X

Meanwhile, the current sentiment echoes previous altseasons, where altcoins have historically outperformed Bitcoin in certain market cycles. The anticipation of new financial products such as Spot Ethereum ETFs and Solana’s ETF application submission is seen as a key factor for this potential altseason.

In particular, these products are expected to attract more institutional investment, improving market liquidity and boosting altcoin prices.

Read also: Could Solana imitate Ethereum and reach $1,000? Analysts weigh in

Source