This has presumably been made evidently apparent from Ethereum World News’ last report on the matter, during which we reported that analyst Benjamin Blunts notes that Bitcoin dominance may be poised to plunge, implying at least a brief “altseason”.
He explained that per his use of Elliot Wave analysis, the one-hour Bitcoin dominance chart is currently in a five-wave decline, implying a move lower in the coming days.
For some reason or another, crypto analysts have become extremely divided over whether or not there will be a fabled “altseason”.
Per prominent Bitcoin bull Tuur Demeester though, the outperformance of altcoins against BTC might not come as soon as Benjamin expects. The Adamant Capital partner, who somewhat called the bottom of the cryptocurrency market and 2017’s rally, wrote in a recent tweet that cryptocurrencies will “rally again as retail re-enters this market.” Demeester expounds that mom & pop investors have yet to flood into the cryptocurrency market as they did in 2017 to pick up the then-so-called “cheap, hot altcoins”.