Expectations for an altcoin season triggered by Twitter are rising, but market experts point out a lack of actual demand and urge a cautious approach.
While Bitcoin (BTC) shows an upward trend, most altcoins are struggling to make progress. Virtual Bacon, a virtual asset analyst, stated, "The current market is not as robust as it appears" and "the altcoin rally is more of an overheated situation triggered by Twitter rather than actual demand".
The fact that the Altcoin Season Index on CoinMarketCap (CMC) remains at 24 also shows that the entry into a genuine altcoin season is still premature. Particularly, as the altcoin/BTC pairing is showing weakness, analysts suggest that purchasing altcoins at this point could be risky.
Virtual Bacon explained, "In the case of the HYPE Token, it is recording a higher P/E ratio compared to Binance (BNB) with a market capitalization of $37 billion" and "this is closer to a short-term game driven by professional traders and bots rather than general investors".
Currently, the advice is to focus on major coins such as Bitcoin, Ethereum (ETH), Solana (SOL), and AI-related projects like TAO. Infrastructure projects JUP, SAROS, BORG, and launchpads AERO and VIRTUAL were also mentioned as points of interest.
Cryptocurrency expert Benjamin Cowen analyzed, "The altcoin/BTC pair has recorded its lowest point in this cycle" and "since 2021, altcoins have been continuously weak compared to Bitcoin". However, some experts predict that the altcoin season will fully commence if Ethereum shows strength compared to Bitcoin.
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