Is Altcoin Season Dead or Just Sleeping? Find Out! 🧐💸

Ah, the glorious days of 2021, when Bitcoin and its merry band of crypto adventurers surged like a teenager on too much sugar. Naturally, everyone assumed the infamous “altcoin season” was just around the corner—waiting to sweep in and outperform Bitcoin faster than a rabbit on caffeine. Alas, dear reader, the joke’s on us. Or maybe the punchline has yet to arrive; who’s to say? Meanwhile, altcoins sit there, sulking in the corner, wondering if they’ve missed their moment like a circus clown who’s lost his balloons.

Altcoin Season Has Not Started Yet

Crypto guru Michaël van de Poppe, with over 790,000 followers, took to the platform formerly known as Twitter (because social media was too mainstream) to declare that, surprisingly, altcoin season is still a twinkle in the crypto cosmos. Yes, hot off the press: it hasn’t begun. Instead, the market appears to be stuck in a bear market—an economic mood akin to a Monday morning with no coffee. But don’t despair! According to our wise analyst, the worst might just be over, and what’s coming next is so grand that even the candles are trembling. He envisions a bull run that makes the 2021 rampage look like a gentle stroll—if you’re into that sort of thing, which some people apparently are.

He claims this cycle is unlike anything seen before, and the next 1-3 years will be so different that even historians will be confused. Many investors, though, will probably miss it because impatience is the devil’s favorite tool—and believe me, patience is not in fashion anymore.

Using a chart from the cryptic oracle TechDev, van de Poppe illustrates that the market is like a suspenseful movie: rising Bitcoin prices and stubborn altcoins that refuse to budge—probably contemplating their life choices, who can say? Usually, this lull is the calm before the storm. Or perhaps it’s the market’s way of saying, “Hold my beer,” before unleashing chaos. If the analyst is correct (fingers crossed), then altcoin season is still an elusive unicorn—waiting patiently for its cue to gallop onto the stage.

Market Deviations Hold Back Altcoins

This cycle has a flavor all its own, quite unlike the previous episodes of crypto drama. For one, the giants like Michael Saylor and BlackRock have been throwing their weight around, buying Bitcoin like it’s the last slice of pizza. The result? Money’s staying in Bitcoin, rather than sneaking into altcoins—as if everyone’s waiting for Mom to say “Dinner’s ready,” but she never does.

Then there’s the wondrous influx of free cash. After COVID-19 hit, governments handed out billions like candy on Halloween—tricky, sweet, and with a side of chaos. Some of it found its way into crypto, sparking a frantic altcoin season that left us with thousands of new coins—each more meme-y than the last—like a carnival of digital junk food. Unfortunately, liquidity got spread thinner than a dollar store pancake, leaving most altcoins to drown in their own obscurity.

And let’s not forget macroeconomic fun. Trump’s tariff wars kept everyone on edge, scaring off the weak coins and leaving the market performing about as exciting as watching paint dry in winter.

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2025-06-03 13:18