The cryptomarkt is plagued by questions: When does Altcoins finally have their moment? According to Jamie Coutts, main crypto analyst at Real Vision, the Altcoin season may already be going on -or at least in the early stages.
Are we now in an Alt season?
In a recent interview with Milk Road, Coutts was asked to share his thoughts about when the market could experience a completely Altcoin season. While he acknowledges how difficult it is to capture exact timing, he pointed out that different indicators suggest that we are already seeing the first signs.
Coutts referred to an alt-seasens index that he follows, which compares the performance of the Top 200 equestrian tokens with the market capital index. He said that the market recently reached a level comparable to what we saw at the end of 2020 before Altcoins delivered an impressive run of 6 to 12 months. “I think we’re in it now,” said Coutts. “We are starting to see the very early stages.”
What makes this cycle different?
Coutts quickly pointed out that this Altcoin cycle will not look like the wild, speculative runs from the past. Unlike earlier cycles where almost every token could pump, the current market is displayed dispersion – Which means that not all altcoins move together.
He said that the most sustainable profits will probably come from projects with strong foundations and real adoption. Tokens supported by meaningful use and ecosystems are those who have to focus on it.
How long could it take?
Based on recent market patterns, Coutts said that these Altcoin outperformance phases usually take about three to six months. Expected targeted growth in selected Altcoins, with strong basic principles that separate winners from the rest.