Joao Wedson, CEO of cryptocurrency analysis company Alphractal, made remarkable statements about the altcoin season in his comprehensive assessment on his social media account. According to Wedson, movement has begun in the altcoin market and this trend may accelerate further in the coming months. Wedson defined June and July as the starting point of the altcoin season, and evaluated this period as the process of “exit from the accumulation zone.” The CEO, who predicted that interest in altcoins would peak in August and September, described this period as a phase in which Memecoin, GameFi and DeFi projects would shine. Expecting the Bitcoin dominance to fall rapidly, Wedson claimed that the altcoin rally would continue. Related News: Ripple's Chief Legal Officer Explains Why the SEC Withdrew Its Appeal in the Case Joao Wedson, who made a remarkable warning for the months of October and November, stated that many altcoins could reach all-time highs, but this phase would also be a “distribution” phase. Stating that the altcoin season may have already started for some tokens and that the process may accelerate, Wedson argued that Bitcoin's impact on the market has decreased. Stating that Bitcoin is not preferred for daily transactions due to its technical limitations, the CEO used the following statements: “Today, the vast majority of crypto transactions occur over networks like Ethereum, Tron, and BSC. The Bitcoin blockchain is now used very little for direct transactions, and the rate has been declining since 2022.” *This is not investment advice. Continue Reading: Analytics Company CEO Predicts Start Date of Altcoin Season
