I think the main altcoin season will come after two or three months of QE. That’s usually when liquidity starts flowing back into the markets, and investors begin taking more risk. Once that happens, we can expect strong momentum in altcoins, with many projects potentially exploding in value. If history repeats, this could be the start of a major rally across the crypto space.
Help me to add punctuation marks. Many people have been expecting altcoin season for a few months now, but it still has not come. People keep predicting it and some have even given up these are people who believe that altcoin season may not happen in this cycle with the way things are going in the crypto market.
I have also been observing for a while now that some altcoins have already hit their all time highs and are now dumping. Some good altcoins have been following the footsteps of Bitcoin when the price of Bitcoin increases, most altcoin prices also increase, and when the price of Bitcoin drops, altcoin prices drop as well.
So, it seems that altcoin season has already happened alongside Bitcoin and it may now be time for a bear market. But let’s just see what will really happen later, as crypto is unpredictable nowadays.