Crypto markets, most of the tokens prices continue to fluctuate because they cannot maintain the range on significant resistance. Despite the stagnant behavior, experts, as the demand for Bitcoin and Ethereum increases, the trades continue to be optimistic about the Altcoin season.
Altcoins are largely decomposed from the Bitcoin Price Rally!
After Bitcoin’s Halving, it was estimated that Bitcoin would rise and mark new summits, and then a strong Altcoin season. The price of BTC increased on a highly anticipated turning point with 100 thousand dollars and reached over 109 thousand dollars, but the subcoins are behind. Apart from some of Solana (left), Binance Coin (BNB) and some new tokens launched, no crypto has maintained a steep rise trend. Moreover, the data from Glassnode shows that the market value has decreased more than $ 234 billion in the past two weeks, the subcoins are largely decomposed from BTC price rally.
While Memecoins attract most of the liquidity, the best Altcoins are struggling to grab some of them. On the other hand, the Altcoin market domination has been decreasing since the beginning of 2024 and tested the lowest levels of June 2023 and the lowest point of the last 4 years. During the last cycle, a similar situation was experienced, but the decline was faster and more severe.
Source: xThe great rise under the dominance of Altcoin did not take place until 2021, the year after the halving. Until then, the BTC traded between 50 %and 100 %from the highest level of all previous times and continued to rise from there. In the meantime, since the subcoins have performed worse than the previous cycle so far, their current market dynamics look much more diverse than before.
Will the Altcoin season be postponed to 2026?
Except for Bitcoin and Ethereum, the total market value is trying to wrap its wounds after a week of record liquidation. While December is over 850 billion dollars, it makes it an important range to be held, but the market value, including Ethereum, seems weaker. Therefore, the subcoins do not seem stronger because they have not yet shown great recovery. Nevertheless, Mousache, a popular analyst, does not believe that the Altcoin season is canceled because levels continue to consolidate above significant support.
Except for the BTC, the total market value continues to remain strongly above the trend line that turns into a strong support. After climbing on the decreasing expanding wedge, the levels improve and therefore a recovery seems inevitable. Moreover, the analyst predicts a stronger Altcoin season than 2014-1028.
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