Altcoin ‘wildfire’ inbound as trader shuts down bear market fears

Altcoin Season Debate: Crypto trader Michaël van de Poppe argues that the altcoin season has not yet begun, as many tokens are still near their price bottoms despite some recent gains. He believes a significant upward trend is imminent over the next 12-24 months.

Market Sentiment and Performance: While Bitcoin traders anticipate a pullback after reaching an all-time high, analysts suggest that altcoins will soon gain momentum, particularly after Ether outperforms Bitcoin. However, current metrics indicate that the market still favors Bitcoin over altcoins.