Altcoin is about to "explode" - Trader dismisses concerns about the bear market scenario.

An experienced cryptocurrency trader has refuted the view that the altcoin season has ended, arguing that this cycle hasn't even truly begun, as many tokens are still trading around their local lows.

"I don't understand why people say that a bear market is approaching," Michaël van de Poppe – founder of MN Trading Capital shared on X.

The altcoin season will soon kick off

"They are clearly still in the bottom zone," van de Poppe said, while predicting that "the last 12-24 easy months are approaching."

Although many altcoins have recorded quite impressive gains in the past 30 days, most have not yet returned to the price levels achieved during the last bull run - which took place before the inauguration of U.S. President Donald Trump in January.

For example, Solana (SOL) is trading around 174.18 USD after rising over 16% in the past 30 days, but it is still 32% lower than its historical peak of 261 USD on January 19, coinciding with the official launch of the TRUMP memecoin. XRP also saw a slight increase of nearly 2% in the past month, currently fluctuating around 2.3 USD but still 29.35% lower than the beginning of the year.

! SOL price chart from before Trump's inauguration to now | Source: CoinMarketCap.van de Poppe's comments were made in the context that many Bitcoin traders began calling for a correction after BTC reached a historical peak of $111,970 with a streak of gains for 7 consecutive weeks.

Some other analysts also agree with van de Poppe. Trader Davinci Jeremie believes that altcoin is about to explode like a wildfire, while Moustache asserts:

"Ladies and gentlemen, the altcoin season is no longer just a joke. It is really coming."

Many investors believe that the altcoin season will truly begin when Ethereum (ETH) enters a clearly dominant phase compared to Bitcoin.

The ETH/BTC ratio is currently at 0.0243, up by 26.74% in the last 30 days – indicating a significant rebound of ETH compared to BTC in the short term.

ETH/BTC Rate Chart | Source: TradingViewHowever, the Altcoin Season Index from CoinMarketCap – which tracks the performance of the top 100 altcoins compared to Bitcoin over the past 90 days – still indicates that the market is leaning towards BTC, with a score of only 24/100.

However, some altcoins are showing remarkable strength: Fartcoin (FARTCOIN) leading the top 100 with an increase of 316.72%; followed by Four (FORM) with 148.15% and Virtuals Protocol (VIRTUAL) 107.47% in the last 90 days.

Itadori