Popular traders are rejecting rumors that the altcoin season has ended, emphasizing that its true beginning is still ahead, despite current market volatility.
MN Trading Capital: “Altcoins Are Literally at the Bottom”
The founder of MN Trading Capital, Michaël van de Poppe, dismissed assumptions that a bear market is on the horizon. In a May 28 post on X, he commented:
I don’t understand why people start claiming that a bear market is approaching. They are literally at the bottom.
He added that the “final easy 12–24 months” lie ahead, with potential for significant altcoin growth.
Indicators Suggest Undervalued Levels
Although some altcoins have posted gains over the past 30 days, many still remain below their levels from early 2024, before President Trump took office in January.
- Solana (SOL) – up 17.84%, trading at $175.17, still 32% below its January 19 level.
- XRP – gained 1.98% to $2.31, but still 29.35% below its January highs.
Analysts: Altseason Is Just Beginning
Van de Poppe’s opinion is echoed by other well-known traders:
Altcoins are about to become a wildfire. –Davinci Jeremie
Altseason isn’t just a meme. It’s coming, ladies and gentlemen. –Moustache
Metrics and Indexes Still Show Bitcoin Dominance
Despite the optimism, data from CoinMarketCap’s Altcoin Season Index shows a score of 24/100, meaning Bitcoin continues to dominate market dynamics.
However, some altcoins have shown impressive 90-day gains:
- Fartcoin (FARTCOIN) – +316.72%
- Four (FORM) – +148.15%
- Virtuals Protocol (VIRTUAL) – +107.47%
ETH as a Catalyst for the Upcoming Altcoin Season
Many market participants expect altseason to officially kick off once Ethereum (ETH) starts outperforming Bitcoin. The ETH/BTC ratio stands at 0.02430, up 26.74% over the past 30 days, according to TradingView data.
Conclusion:
While pessimistic views are emerging, leading traders are identifying strong potential for significant altcoin growth. With ETH gaining strength against BTC and momentum building behind new projects, the market appears primed for a thrilling phase that many believe will mark the true start of the altcoin season.
Frequently Asked Questions
Find answers to the most common questions below.
Altcoin season refers to a market cycle where alternative cryptocurrencies (altcoins) outperform Bitcoin in terms of price gains. It signals broader market optimism and often follows periods of strong Bitcoin performance.
Despite recent gains, most altcoins remain significantly below their early 2024 highs. Analysts like Michaël van de Poppe argue that we’re still in the early accumulation phase, and real explosive growth is yet to come.
Ethereum is often seen as the leading altcoin. When ETH starts to outperform BTC, it signals increasing risk appetite among investors and typically marks the beginning of altseason.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
