Trader: The altcoin season has just begun and will last for about 90 days

2024-12-08 12:45:09

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ChainCatcher news, according to Cointelegraph, since Trump won the U.S. presidential election, the altcoin market has surged significantly, but Felix Hartmann, managing partner at Hartmann Capital, warns that the altcoin market may experience volatility in the short term as institutional investors increase profit-taking activities.

Felix Hartmann stated, "Considering that the altcoin season is currently over." "Traders may remain irrational, but we are already in a phase where teams and venture capital are starting to cut back more aggressively."

However, other traders believe this is just the beginning of the altcoin season. Anonymous cryptocurrency trader MilkyBull Crypto stated, "It seems logical from this month to March. The altseason has just begun and will last for about 90 days."

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