Crypto Analyst Jason Pizzino Reveals Unexpected Timing for Massive Altcoin Season

By Lola Coin Jun 29, 202371Views

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Crypto strategist Jason Pizzino predicts that it could take another 12 months for the altcoin market to experience a massive run similar to the one between December 2020 and May 2021. He believes that the altcoin season will begin only when Bitcoin dominance weakens. Pizzino closely watches the Bitcoin dominance index, which tracks the percentage of the total crypto market capitalization that belongs to Bitcoin. He notes that during the previous altcoin run, Bitcoin’s dominance fell from 73% to around 40%. Pizzino expects Bitcoin dominance to increase to previous support levels at 56%, 58%, or 60%, triggering a new narrative for altcoins and potentially causing an altcoin pump. However, he warns that many altcoin projects will not survive in the long term, as historical data suggests that 99% of such projects eventually fail.

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