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CoinGape 2024-12-26 18:19:43

Is Altcoins Season Over? Here’s What Experts Think

The recent heightened volatile scenario in the broader crypto market has fueled discussions on the Altcoin season alongside Bitcoin. The investors appear to be selling heavily amid the holiday season, suggesting market participants are taking a profit-booking opportunity after the robust rally recently. It also sparked speculation that the crypto market rally has come to an end. However, the market experts remained optimistic about the broader crypto market, predicting a strong recovery ahead for the crypto. Crypto Market Dip Fuels Altcoin Season Concerns The recent dip in the crypto market has fueled speculations over a potential end in the Altcoin season. Notably, top altcoins like Ethereum, XRP, Solana, and others have recently noted significant declines, indicating that investors are taking a pause amid the holiday mood. In addition, the recent slump in Bitcoin price has further weighed on the market sentiment. Amid this, top market experts have also predicted a potential BTC dip to $80K, further dampening investors’ hope. On the other hand, the upcoming Bitcoin and Ethereum options expiry has sparked concerns about more volatility in the digital assets space. Top Experts Remain Optimistic On Alt Season Future Despite the recent pullback, market experts remained optimistic about the future trajectory of the market. For context, in a recent X post, popular market expert Titan of Crypto hinted towards a bullish path ahead for the crypto market. The analyst noted that although many have given up hope on the Altcoin season, the market will soon witness a strong recovery. He said that “many have given up on the idea of an altseason. They’ll FOMO later and regret buying at the peak.” Source: Titan of Crypto, X In addition, renowned crypto expert Michael van de Poppe also remained bullish on the altcoin market. In a recent post, Poppe emphasized that the holiday season’s illiquidity makes markets more susceptible to manipulation, leading to increased volatility. However, he reassured that this does not alter his overall strategy, reiterating his long position on altcoins. Meanwhile, Poppe maintained his optimistic stance on the prospects for altcoins in 2025, predicting a remarkable year ahead. His positive outlook is rooted in the market’s historical patterns and the growing interest in cryptocurrencies. How Altcoins Are Performing? The crypto market recorded a sharp decline today, despite the investors’ optimism towards the sector. During writing, the global crypto market cap fell 2.36% to $3.34 trillion, with the overall trading volume declining 1.5% to $124.61 billion. However, despite the gloomy sentiment, the Fear and Greed index remained at 63, indicating that the “greed” sentiment still dominating. Besides, this also indicates that the altcoin season is not yet over and might continue to rally through 2025. In the altcoins sector, Ethereum price today slipped about 3% to $3,351, while its one-day trading volume plunged 2% to $19.72 billion. XRP price declined about 4% to $2.18 but its trading volume was up about 12% in the last 24 hours to $5 billion. Simultaneously, the latest Solana price chart showed that the crypto fell 3.5% to $190.05. The top meme coins also noted gloomy trading today amid a broader market retreat. For context, DOGE price today plunged 3.71% to $0.3155, while SHIB price was down 4% to $0.00002172. However, despite that, a top market expert predicts a potential SHIB price rally to $0.00008 ahead, indicating a strong market confidence towards the asset. The post Is Altcoins Season Over? Here’s What Experts Think appeared first on CoinGape .