Closely followed crypto strategist Jason Pizzino is predicting when the altcoin market could go on a massive run again.
In a new strategy session, Pizzino tells his 286,000 YouTube subscribers that it could take another 12 months before some altcoin projects take off as they did between December 2020 and May 2021.
Pizzino says only when the Bitcoin dominance (BTC.D) begins to weaken will the altcoin season begin.
“I doubt we’re not going to see this sort of massive altcoin season at least for another 12 months. As you can see, that’s the beginning of 2021. So maybe it’s the beginning of 2025 or end of 2024.”
The Bitcoin dominance index tracks how much of the total crypto market capitalization belongs to Bitcoin. A bullish BTC.D chart suggests that Bitcoin is taking a larger share of the crypto markets at the expense of altcoins.
According to the trader, during the six-month massive altcoin run that ended in May 2021, Bitcoin’s dominance fell from a high of 73% to around 40
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