The crypto world loves to talk about altcoin season — those exciting times when smaller cryptocurrencies start skyrocketing in price, often even outperforming Bitcoin. But is it happening now, or are we still stuck in the Bitcoin season? A group of experts recently weighed in, and here’s what they had to say.
Popular crypto analyst, Scott Melker, thinks we may have just experienced a mini altcoin season. He pointed out that while Bitcoin has been rising steadily, several altcoins also made big moves recently — something we haven’t seen in a long time. Ethereum, for example, jumped 40% in just two days at one point.
What made this special is that Bitcoin’s dominance (its share of the overall crypto market) actually dropped while its price went up. In the past, when Bitcoin climbed, altcoins usually stayed flat or fell. This time, both moved up together — a sign to some that new money might be entering the market rather than traders just shifting funds between Bitcoin and altcoins.
The short answer: probably not in the same way.
There’s a massive number of new crypto projects waiting on the sidelines. Venture capitalists and developers are holding off on launching thousands of new tokens until market conditions improve. When those hit the market, they’ll spread investor money thinner, making it harder for every altcoin to rise together like we’ve seen in past altcoin seasons.
Instead, the experts believe the next altcoin run will be narrative-driven. In other words, only certain types of coins will pump at certain times based on market trends and hype. For example, it could be memecoins one month, AI-related tokens the next, or maybe DeFi (decentralized finance) projects on Solana or Ethereum.
So, rather than a “throw a dart and watch everything rise” market, investors will need to be tuned in daily to catch the right trends at the right times.
Bitcoin dominance is BTC’s share of the total crypto market. Its recent drop while BTC’s price rose suggests new money entering, rather than just capital rotation.
Crypto analyst Scott Melker suggests a “mini altcoin season” may have occurred, as some altcoins rallied even while Bitcoin’s dominance dropped.
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