The altseason is coming? Or it’s nothing but hopium?

The crypto community is full of whispers of the next altcoin season, but don’t hold your breath just yet.

Historically, Ethereum has been the spark that ignites these rallies, but its performance has been, well, underwhelming. It’s like waiting for a firework that never goes off.

Signs

Despite Bitcoin’s strong grip on the market, some experts, like Joao Wedson, believe that its dominance could actually be the precursor to a massive altcoin rally.

Ethereum Strangled Other Altcoins This Cycle. But Altcoin Season Is Just a Matter of Time.

Altcoin dominance is declining (green line), while Altcoin dominance excluding Ethereum and Stablecoins (red line) has been sideways and in a neutral zone since late 2022.

This means BTC… pic.twitter.com/pAln10FER7

— Joao Wedson (@joao_wedson) April 2, 2025

Wedson points out that in the past, periods of high Bitcoin dominance have often been followed by altcoin booms.

It’s like the calm before the storm, but will the storm ever come? This is the big question, right?

Hopium

Right now, Bitcoin’s dominance is around 62%, with stablecoins adding another 9% to make it 71% of the market. Ethereum and other alts? Just 29%. It’s a tough time to be an altcoin fan.

Wedson suggests that the stronger Bitcoin gets, the more intense the eventual altcoin season could be.

But that’s a big “if.” Once Bitcoin’s momentum slows, liquidity might flow back into alts, igniting a new wave of gains. Sounds good on paper, but we’ve heard this story before.

Speculation

Daan Crypto Trades, a popular technical analyst, echoes this sentiment but with a healthy dose of caution. He believes that for altcoins to regain traction, Ethereum needs to recover first.

Most altcoin liquidity pools are based on ETH, so a stronger Ethereum is pretty important.

But until then, it’s a waiting game. Daan advises investors to stay cautious, as altcoin rallies are often short-lived and follow clear trend reversals. So, will we see an altcoin season in 2025? We would!

The question remains, will history repeat itself, or will 2025 bring something new?

Analysts like Benjamin Cowen suggest that a full-fledged altcoin season might not materialize until Bitcoin experiences a parabolic run. Until then, it’s a game of patience and speculation.

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