Will we have a new alt season in the next 30 days?

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Analysts believe that altcoins are now at the beginning of a bullish return after a massive market-wide crash in October, and an alt-season is likely in the next 30 days.

According to analyst Vector, the OTHERS/BTC ratio, which shows the performance of altcoins other than the top ten currencies against Bitcoin, has entered a stabilization phase after falling from the 0.14 level to below 0.12. This situation usually indicates a reduction in selling pressure and the market is preparing for short-term growth.

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However, Van de Poppe’s analyst has a more bullish view and believes that the market value of altcoins is at levels similar to the historical lows of 2016 and 2020, which could be the beginning of an alt season. In those periods, after such conditions, the market witnessed the heavy growth of altcoins.

The Alt-Season index is now below 50 and the fear of the market has not completely disappeared. Therefore, in order for the alt-season to really begin, we need to see the influx of capital and the simultaneous growth of several large projects.