Cryptocurrency trader Michaël van de Poppe, founder of MN Trading Capital, has challenged prevailing bearish sentiment surrounding alternative cryptocurrencies, asserting that altcoin season hasn’t begun despite widespread speculation about its end. Van de Poppe argues that many tokens remain near their local price bottoms, positioning the market for what he describes as “the final easy 12-24 months” ahead. His analysis contradicts growing concerns about an imminent bear market, particularly as itcoin">Bitcoin recently achieved new all-time highs above $111,970 before experiencing some cooling following seven consecutive green weekly candles.
Current market data supports van de Poppe’s assessment that altcoins have significant room for growth from their current positions. Major tokens like Solana, despite posting 17.84% gains over the past month to trade at $175.17, remain down 32% from their January 19 peaks following Trump’s inauguration. Similarly, XRP has managed only modest 1.98% monthly gains to $2.31 while sitting 29.35% below its late January highs. These price levels suggest that many alternative cryptocurrencies have yet to reclaim their previous momentum, potentially creating favorable conditions for the sustained rally that van de Poppe anticipates.
Market sentiment appears to be shifting in favor of altcoins, with several prominent traders echoing van de Poppe’s optimistic outlook. Crypto trader Davinci Jeremie predicts that “altcoins will turn into a wildfire,” while trader Moustache emphasizes that “altseason isn’t just a meme” and is approaching rapidly. Technical indicators also support this bullish thesis, particularly the ETH/BTC ratio climbing 26.74% over the past month to 0.02430, as many analysts believe Ethereum’s outperformance relative to itcoin">Bitcoin typically signals the beginning of broader altcoin rallies.
However, conflicting data suggests the altcoin season may still be in its early stages, with CoinMarketCap’s Altcoin Season Index showing only 24 out of 100, indicating the market continues to favor itcoin">Bitcoin over alternative cryptocurrencies when measured over the past 90 days. Despite this overall trend, standout performers like Fartcoin have surged 316.72% over the three-month period, followed by Four at 148.15% and Virtuals Protocol at 107.47%, demonstrating that selective altcoin strength is already emerging. As the market navigates between itcoin">Bitcoin’s recent strength and growing altcoin optimism, the coming months will likely determine whether van de Poppe’s prediction of an extended altcoin rally materializes.
