Altcoin Crisis: Longest Bear Cycle and Hopes for Recovery
The altcoin market is facing unprecedented hardships. While Bitcoin continues to set new price records, altcoins are still stuck in a prolonged bear cycle.
The duration of this cycle has broken records, raising a big question: when will altcoins shine again?
New Record for Altcoin Bear Cycle
Based on information we quoted from Beincrypto media, according to analysis from Cyclop, the current altcoin bear cycle has lasted more than 1,200 days, far exceeding the previous bear cycle which lasted around 945 days.
The ratio of altcoin market capitalization (OTHERS) to Bitcoin showed a sharp decline from 0.5 to 0.11, reflecting strong selling pressure and continued negative sentiment.
Another analyst, Crypto Dan, added that this cycle has been running for around 1,650 days, longer than the previous cycle which was usually followed by an “altcoin season” after around 1,400 days.
This unusually long duration has shaken many investors’ confidence in the rapid recovery of altcoins.
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Altcoin Market Cap Lags Far Behind
Although Bitcoin has reached a new price peak, the altcoin market cap (TOTAL3) still needs to increase by around 40% to match its record high.
This shows that altcoins have not been able to keep up with Bitcoin’s upward momentum, deepening concerns among market participants.
Recovery Outlook and Predictions
Amid the seemingly gloomy situation, some analysts still see a glimmer of hope. They argue that the altcoin season is not completely gone, only delayed.
Factors such as increasing investment from institutions and the wider adoption of crypto could trigger an altcoin revival in the future.
Conclusion: Hope Amid Uncertainty
The current altcoin bear cycle is indeed the longest in the history of the crypto market, creating uncertainty among investors.
However, with the potential for positive catalysts, there is still optimism that altcoins will recover. Investors are advised to remain cautious and continue to monitor market dynamics to seize opportunities.
