Altcoin season is everywhere on Twitter – but is it really happening? Bitcoin rises, but most altcoins are still flat. Top analysts say that this is just a pump with a Twitter-driven pump with little momentum behind it and that retail money has not yet appeared. This “always season” may just be smoke and mirrors and here is why.
Analyst Virtual bacon Has warned that the market may not be as strong as it looks and the Altcoin hand can also be misleading. Bitcoin Dominance has risen and retail coins are still stuck. The CMC Altcoin Season Index Is also only at 24 hours. All these signs show that it is not yet the real always season.
Retail or just a twitter pump?
The Alt/BTC pairs look weak. He took hype as an example and shared that it can be a solid project, but it will be pricey. With a fully shared value of $ 37 billion and high p/e compared to BNB, it becomes difficult to access. This is just a fast insider game for full-time traders, bots and crypto-power users, and it is not the average investor.
What to view instead?
The analyst plays smart and adheres to BTC, ETH and SOL. He gambles on Tao for AI. He also likes memecoins via SOL, Infrastructure plays such as Jup, Saros, Borg and Launchpads Aero and Virtual. Pengu is on his radar, but he skips the rest. He also looks at Blackholtex, a new Avalanche Dex without teamtokens and rewards based on reimbursements.
Liquidity is missing in markets
The market lacks liquidity and is still waiting for clear signs of a market base and confirmation before Altcoins can really start. With important events such as the upcoming FOMC meeting and important meetings in July and September, there is no hurry to jump in. Also not, retail favorites such as XRP, Ada and Doge have not moved much either.
Expert Benjamin Cowen Also be aware that the Alt/BTC pairs have reached their lowest weekly closure of the entire cycle. Altcoins have been losing steady terrain to Bitcoin since 2021. But some analysts have pushed back against these claims and expect that Altcoin season starts as soon as Ether starts to surpass than Bitcoin.