Altcoins season looks uncertain this year.

[Bobcrypto]

The bitcoin price is looking very bullish and there is higher possibility that dominance rate will increase. Since this year Bitcoin rate has been performing very well with no signs of it coming down anytime this year. As at the time of writing this post, dominance rate is standing around 59.80%. which is very high for altcoins to pump.
Having said that, I am of the opinion that despite the current Bitcoin up trends movements, there are still strong demands
for btc, with no much supply going into the market. Do you think altcoins season is still likely to happen this year? 

[Charles-Tim]

for btc, with no much supply going into the market. Do you think altcoins season is still likely to happen this year?

There were alt seasons this year. Even in this last bull run, some altcoins increased so significantly. You can check about PNUT that top the market right now to understand. Many altcoins increased in price in this year. They are so many that I can not mention them. But old coins are not increasing as expected, probably you are checking the price of the old coins.

Do not let the marketcap of bitcoin make you think they are not increasing. Those coins have tiny marketcap if compared to bitcoin. Even their incresse and decrease in marketcap is still small after they increase or decrease significantly in price.

It is worth knowing that altcoins are gambling.

[rdluffy]

In my opinion, the altseason is already here haha, look at Doge which has risen more than 120% in 1 week, among several coins

You have to consider 2 things this time:

1 - there are more and more coins on the market, and the value is even more diluted
2 - this rise is strongly linked to the institutional, and companies won't invest in random altcoins, they came for BTC, so I think it's more difficult for the marketcap to rotate towards altcoins this time

[0t3p0t]

I think the rise of memecoins can be considered as Altcoin season for me. It happened on the first to second quarter or even the last quarter this year and a lot of millionaires emerged. This trend for me was very certain and maybe this will stay for long depending on it's evolution after NFT boom.

[Sim_card]

This is bitcoin bull run and not altcoins. However, some altcoins can be influenced by the price movement of bitcoin but it will be with a little profit. Meme coins are pumping like crazy this period but it's good that you take profit when you can and don't keep them for long because they might not recover after a dip.

[albon]

In fact most of the altcoins cannot be purchased directly using fiat currency as most buyers first buy bitcoin and then trade it to get other altcoins. But the principle they apply is the opposite. Because first they sell their assets for bitcoin and then convert it to fiat currency. This symbiotic relationship dictates that all altcoins are often tied to bitcoin. However, even if the price of bitcoin increases then the profit is distributed to a very limited number of tokens. Anyway the market of altcoins may take longer to pump because investors are now rushing to bitcoin. So if bitcoin new record is broken then many investors will come back to buy altcoins.

[Mia Chloe]

At first because of the retracement and some sort of slow down in the Bitcoin price movement I thought the bull was actually fading away gradually but it seems it isn't so. Around late this afternoon I saw some persons talking about a CPI news and one of them said that if the news we have to drop bitcoin with definitely pump and that is a exactly what we are experiencing right now.

Ever since trump won the election and the bull started bitcoin dominance has been increasing rapidly usually check the chart these days and on coin market cap the dominance is almost 60% with around 59.99% now. With the current moment too it's very possible for bitcoin to reach 100k this year or probably even more.

[JISAN]

The bitcoin price is looking very bullish and there is higher possibility that dominance rate will increase. Since this year Bitcoin rate has been performing very well with no signs of it coming down anytime this year. As at the time of writing this post, dominance rate is standing around 59.80%. which is very high for altcoins to pump.
Having said that, I am of the opinion that despite the current Bitcoin up trends movements, there are still strong demands
for btc, with no much supply going into the market. Do you think altcoins season is still likely to happen this year?

Bitcoin price is in a lot of volatility right now due to which altcoin bull season is not seen.  Altcoin bull run cannot be seen when Bitcoin price does not stabilize at a certain price.  Probably after Bitcoin price hits 100k there will be a major correction then altcoin bull run will be seen.  The market is still reeling from the election of Donald Trump and the hype of Donald Trump's comments on Bitcoin due to which the market is not returning to its normal pace.  It will take some more time.  Maybe the maximum will take until the end of this year and the beginning of the new year will be the bull run of altcoins

[Tribalchief]

This is bitcoin bull run and not altcoins. However, some altcoins can be influenced by the price movement of bitcoin but it will be with a little profit. Meme coins are pumping like crazy this period but it's good that you take profit when you can and don't keep them for long because they might not recover after a dip.

Some Altcoins have done really great by reacting to the recent bitcoin bullish movement to some extent even though it can't be compared in anyway with bitcoin, but i guess altcoin investors won't complain that there wasn't any opportunity to get some profits from the few we've seen so far. While there are others that haven't react at all, and i think this current bitcoin bullish movement could be the only opportunity that all altcoins might have this year, so if anyone fails to do well, then, holders/investors should probably prepare for next year.

[electronicash]

In my opinion, the altseason is already here haha, look at Doge which has risen more than 120% in 1 week, among several coins

You have to consider 2 things this time:

1 - there are more and more coins on the market, and the value is even more diluted
2 - this rise is strongly linked to the institutional, and companies won't invest in random altcoins, they came for BTC, so I think it's more difficult for the marketcap to rotate towards altcoins this time

in a span of a week, doge had gone that up. almost too alarming but looks good.
so many altcoins are left out where price still the same though. i think this is just a selective bull run again just like in the beginning of this year where only BTC is rising.

whatever the difference is, those who had invested on popular coins such as doge or SOL,  can invest more to what they hold.  same crypto marketcap back in 2021 yet the prices are not what you expect. fewer people must have been investing on altcoins this 2024.

if it weren't for elon i guess doge is also sinking down its CMC rank.

[Stompix]

for btc, with no much supply going into the market. Do you think altcoins season is still likely to happen this year?

There were alt seasons this year. Even in this last bull run, some altcoins increased so significantly.

Some altcoins, not all of them, and most are still trailing Bitcoin.
It's definitely not altcoin season and to be honest I don't think we even need one right now, most of the time it came with a shitload of useless tokens, and nowadays with this sudden rise, we might experience growth before they are even able to launch a thousand pump and dump clones to take advantage of the hype. Bitcoin only season sounds good and looks good to me for now.

[Gurujebs]

The bitcoin price is looking very bullish and there is higher possibility that dominance rate will increase. Since this year Bitcoin rate has been performing very well with no signs of it coming down anytime this year. As at the time of writing this post, dominance rate is standing around 59.80%. which is very high for altcoins to pump.
Having said that, I am of the opinion that despite the current Bitcoin up trends movements, there are still strong demands
for btc, with no much supply going into the market. Do you think altcoins season is still likely to happen this year?

Altcoins is full of manipulators and self centered people who only care about their bags and since there has not been any political moves about them, they aren't into the eyes of the institutional investors like the way Bitcoin has won many heart of the people. I can't also recall Donald Trump made any promises about any altcoins, just Bitcoin he said.

If not for this political calling, do you really think Bitcoin would have pump the way it's running up like this? Definitely not, we would probably be in another bear market by now but the US sentiment promises is still in the head of people, Bitcoin reserve isn't? Let's wait and see if that happens or not.

[Charles-Tim]

Some altcoins, not all of them, and most are still trailing Bitcoin.

When many coins are created weekly. This would be what will later happen. What I am watching out for is if the old coins will not pump in this season. This is telling people something. That coins would be created, pumped. Later dumped and left for new coins. This is what is happening in this bull run. But let us see if some would be like EOS of 2020/2021 bull run that people thought will not pump but later got to $14 before falling more than 9 or 10 times. Even ethereum which people thought will not disappoint is disappointing. Only bitcoin and BNB got to all-time high yet that I know bit bitcoin is far better and had more ROI.

[Zed0X]

It doesn't really matter at this point because altcoins are being pulled up by BTC anyway. A quick glance at gecko and I already saw greens for most alts in the last 7 days.

Even some newly created token like the Peanut is shooting up. If you've been following what's happening in the US the past couple of weeks, you'll probably know what this token is all about.

[Gposas]

The bitcoin price is looking very bullish and there is higher possibility that dominance rate will increase. Since this year Bitcoin rate has been performing very well with no signs of it coming down anytime this year. As at the time of writing this post, dominance rate is standing around 59.80%. which is very high for altcoins to pump.
Having said that, I am of the opinion that despite the current Bitcoin up trends movements, there are still strong demands
for btc, with no much supply going into the market. Do you think altcoins season is still likely to happen this year?

Some altcoins got affected by the bull run of BTC and this showed a positivity on their price trend despite it's dominance especially for Memecoins.. the likes of PEPE even reaching a new ATH of o .000022 and others which may likely not be as popular since the crypto market has a lot of coins. The likes of $X expressed a significant uptrend even $GRASS too, they both expressed a positive effect of market trend during this bull period.

With the trend of some of these memes, it's also a bull run for them too... So I could say the altcoins are here tooo.
While there are still some tokens that is likely struggling too with the inability to follow up with the current trend..

In conclusion I would say there's a partial altcoins season now