Market participants have started talking about the beginning of the altseason. Is it true? And what are the pros and cons in this regard?
This conjecture likely reflects the recent rally in altcoin prices. However, this is unlikely to be the actual basis for the long-anticipated “altcoin season”.
The first signs of a recovery in the alt-segment emerged in November 2023, at the same time the BTC rally was taking place. So it’s hard to say yet whether the altcoin market had its own drivers or whether the tokens moved up in tandem with the flagship cryptocurrency.
The most promising altcoins are of course ETH, as well as XRP, which is fueled by speculation about an imminent IPO, as well as FET, ALGO, DOT, KAVA and a number of others.