30s Summary

Crypto trader Benjamin Cowen predicts a harsh adjustment period for altcoins, potentially lasting until January 2025, echoing trends from the bear market of 2019. Despite previous peak performances in 2021, altcoins, particularly ones paired with Bitcoin, have been struggling. Cowen envisages more gains after 2025, with ‘Sensei’, another investor, predicting a significant altcoin season starting in 10 days. However, as long as Bitcoin maintains over 50% market dominance, major altcoin gains are unlikely. Recent cryptocurrency market dips have seen altcoins taking significant hits, though Bitcoin’s decline has been relatively minor.

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Looks like altcoins might go through some tough times before making any profits, according to a prediction made by crypto trader Benjamin Cowen. He suggests that a final phase of altcoin adjustment is about to happen. This final period might end by December 2024 or the second week of January 2025 at the latest. Basically, get ready for a bumpy ride, altcoin fam.

Apparently, this prediction is backed by what happened in the bear market of 2019 which resembles current altcoin market patterns. But don’t worry, the road to profit is not all dark and gloomy. Altcoins did gain momentum in 2020 and even hit new highs in 2021, so Cowen thinks this will happen again in 2025.

Cowen also says that altcoins paired with Bitcoin have been struggling for three years now. And he’s not alone in this thought. ‘Ardizor,’ another trader, pointed out that altseason patterns from 2017 and 2021 might happen again after three years.

And here’s something more exciting. A crypto investor named ‘Sensei’ tweeted that the most significant altcoin season ever will start in less than 10 days.

Now, here’s a heads-up. Bitcoin’s market dominance is currently at its peak since March 2021. So until Bitcoin’s market share falls beneath 50% again, don’t expect altcoins to have any major gains.

Recently, the crypto markets experienced a significant drop as total capitalization fell to $2.4 trillion by the 4th of Nov. Altcoins, like ETH and SOL have lost up to 11% since their Oct. 30 peaks, and BNB has dropped around 8%.

Despite these dips though, Bitcoin has just had a slight fall of 5.8% from its $73,000 peak late last month. So Bitcoin seems to still be top-dog in the crypto game.