Analyst Claims Altseason Not Yet Started as Altcoins Lag Behind Bitcoin
The recent narrative in the digital asset market centers around the altcoin season, driven by strong performances from major altcoins like Ethereum and XRP.
- Ethereum has surpassed the $4,000 mark for the first time since December 2024.
- XRP’s price has risen above $3, gaining over 10% in the past week.
- Current indicators suggest that the altcoin season may not be fully underway yet.
- Analyst Darkfost states that the altcoin market is underperforming relative to Bitcoin.
- This performance pattern mirrors earlier trends before market downturns.
- The last significant altcoin season occurred in early 2024.
The altcoin market capitalization currently exceeds $1.55 trillion, marking a 12% increase over the past week.
