Is Altcoin season close or not? This is perhaps one of the questions that most people are asking themselves in the crypto market right now. And of course Hive members are too. We are all looking forward to seeing Hive above $3 again and making new all-time highs.
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Some are wondering when it will come but others are starting to wonder if it will happen. Lately Ether has lost the market's favor and does not seem to have the strength to return to its bullish path. Since many Altcoins are referenced to Ether, this means that they are not able to rise either.
Other chains such as Solana or XRP seem to have replaced this influence but they are smaller and have less pull to start an Altcoin season.
It is difficult to know and only time will tell if we are close to that Altcoin season or close to a market crash. Personally, I think Bitcoin hasn't finished its rise yet and until that happens the altcoin season shouldn't start, or at least that's how it has been on other occasions. So we have no choice but to wait and see. Place your bets, gentlemen!
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