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Clearly the altseason is only for a few coins that have high hype and project fundamentals in this cycle and it will happen to a few altcoins, the altseason theory is based on more than 50% of altcoins surpassing bitcoin performance, but I think that maybe it will fall between 10%-30% of altcoins that will surpass bitcoin performance and we can call it altseason, and this is based on the growth of altcoins that continue to grow every day.
10%-30% is quite a small number when referring to the previous season's altcoins and yes only a few altcoins are able to reach the altseason because more altcoins are just abandoned and do not undergo any development.
And now more altcoins are emerging and continue to appear endlessly, but only some have succeeded and continue their development.
Top altcoins like ETH, SOLANA, XRP etc are still recommendations and certainly like SOLANA this year has reached ATH but then collapsed again when the price of Bitcoin dropped below $100k.
Now it is just a matter of waiting to see how Bitcoin will move, If the Dominance remains upwards and the price of Bitcoin still hasn't reached $100k yet, then it will take longer for the altcoin to make a price recovery.
The scale is small but we can't go bigger because the data on the growth of crypto coin or token creation in the market continues to grow every day especially after hyoe memecoin which makes the market full of junk coins that are heralded, but that is the most logical calculation.
Yep those are the Altcoins that are in my portfolio list, but ETH I ruled out and in addition to that can be considered are Ondo and SUI.
If bitcoin returns to $100k there is indeed a very big opportunity for Altcoin to start looking at again because we must understand that the market depends on the direction bitcoin is running, if it goes up then there will be followers so if all projects will experience the impact of its decline.
