Is this the time to buy Altcoins? – PGz

If you hoped for an explosive rise in altcoins, then this might be swallowing. Because despite all the excitement around crypto, most altcoins are left with Bitcoin. And you can see that in the numbers. The so -called “altseason” has not yet started. Bitcoin will remain in charge for the time being.

But what do the analysts say?

Van der Poppe: This is the time to buy Altcoins

Crypto analyst Michaël van de Poppe shared one this week interesting graph He shows exactly where we are now. That graph comes from blockchaincenter.net and measures whether we are in a ‘Bitcoin Season’ or ‘Altcoin Season’.

The answer is clear: we are still in the Bitcoin camp. Altcoins are doing worse than the greatest currency of all.

According to Van de Poppe, that is not necessarily bad news. He thinks this is the moment to buy Altcoins. Because if they do go wild, you naturally want to be in it.

Waiting for everything to be shot up is not a smart strategy according to him. His advice? Think against your feelings. If it is quiet, not buy if everyone runs after it.

Miles Deutscher: AltSeason is still in deep sleep

Also analyst Miles German sees that Altcoins have not yet woken up. In earlier Bull Markets, such as in 2017 and 2021, altcoins sometimes increased by 1,000 percent or more. But this time it stays so far with a few small peaks in April and at the end of 2024.

According to Deutscher, that doesn’t just happen. He sees four important reasons why Altcoins are struggling now:

• The economy has become stricter. Central banks spend less money, so less money flows to risky investments such as altcoins.
• Bitcoin attracts a lot of attention. With the arrival of Bitcoin ETFs and large parties such as BlackRock, a large part of the money goes to Bitcoin.
• Ethereum, the largest altcoin, performs weakly compared to Bitcoin. And if Ethereum does not rise, then many other altcoins are left behind.
• Many people have become careful. Scandals such as FTX and lost money in Memecoins ensure that small investors wait.

Deutscher has therefore built an AI model that can help to absorb signals from a real altseason. But for now? Just patience.

What is altseason anyway?

Altseason is the period in which Altcoins are doing better than Bitcoin. Usually this happens in a later phase of a Bull Market. In the past you saw that Bitcoin first rose rapidly, and then the money flowed towards Altcoins. Then you suddenly see huge profits at Coins that almost nobody was talking about.

A common indicator is the Altcoin Season Index. He looks at the performance of the top 50 altcoins compared to Bitcoin. Does that index score above 75? Then we are in an altseason. Now we are around 29. So another long way to go.

Bitcoin takes the lead and you can see that everywhere. But as Michaël van de Poppe says: Altcoins are low, it is smart to build positions in advance. Because as soon as sentiment runs, it can go fast.