Crypto altcoin seasons are likely to continue, pleasing speculative traders, but the returns may decrease as the market matures. According to crypto analyst Willy Woo, alt seasons will become weaker in each cycle following the 2017 alt bubble. Woo predicts that mid-cap and low-cap cryptocurrencies will surge after Bitcoin's price rises, as investors seek higher returns. Traders monitor Bitcoin dominance to determine when to shift capital to altcoins. Currently, Bitcoin's dominance is at 59.31%, close to the anticipated 60% threshold for capital flow into altcoins. Woo suggests that the current alt cycle is focused on memecoins, contrasting with Mati Greenspan's view that the upcoming bull run will revolve around Bitcoin. Woo advises caution against long positions on altcoins, emphasizing that the market cap reflects winners, not failed tokens. Some analysts believe altcoin season may only begin when Bitcoin surpasses $80,000. Read more AI-generated news on: https://app.chaingpt.org/news

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