The altcoin season is one of the most highly anticipated events of the year. It’s the time of the year when the market witnesses the rise of key altcoins, all trending in green, ultimately outpacing Bitcoin in market dominance. The phenomenon occurs shortly after a major bull market when Bitcoin’s price stabilizes and starts to exhibit less price volatility. With the investors anticipating the advent of the altcoin season soon, here are some key indicators to take note of, which may signal the start of the season for investors to bask and enjoy.

Also Read: Bitcoin Hits $118K as Altcoins Surge 50%-80% in Explosive Rally

Analyst Explains The Elements That Signal The Advent Of The Altcoin Season

4 altcoins race charts
Source: Watcher Guru

The altcoin market cap is an essential element to gauge when it comes to tracking the onset of the season. The altcoin market cap tends to increase when bullish forces rattle its territory. That being said, as per Mags on X, the altcoin season is currently repeating its earlier pattern, entering into its last definitive stage called the “leg up.”

Speaking about the season’s elements in detail, altcoin season market cap first explores the pre-halving stage, where it is considered to be scratching the surface, hence regarded as the “first leg up.”

The second phase of this pattern commences after the post-halving period when markers see the rising re-accumulation phenomenon.

Lastly, Mags shared how the market cap is currently in its “up only” phase. This pattern will later be followed by the altcoins going vertical from all sides.

“Altcoins This crypto cycle is no different. The altcoin market cap has just entered the “up only” phase. And is following the same pattern as previous cycles: 1) Pre-halving – First leg up. 2) Post-halving – Reaccumulation. 3) Up only – Everything goes vertical.”

When Will The Season Commence?

As per Mags, the season is due to begin soon, as the altcoin market cap is already in its last phase before entering into breakthrough momentum. The expert predicts that the season can push the altcoin market cap to $6 trillion if all things go as per the predicted pattern and plan. Moreover, other leading experts like BitMEX’s Arthur Hayes have also stated that the start of the altcoin season is sooner than predicted timelines.

“In the last cycle, the altcoin market cap went up 21x after the post-halving. Even if it grows just 1/3 of that, we’re looking at a $6 trillion market cap.” Mags stated.

In response to this, Changpeng Zhao was recently seen mentioning the start of the altcoin season. CZ tweeted how the “fomo season” may begin soon, fueling excitement within the masses.

Also Read: Bitcoin’s Next Target Is In, Altcoins Might Not Wait Long: Analyst

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