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At its core, "alt season" refers to a period when cryptocurrencies other than Bitcoin, known as altcoins, see significant price appreciation and outperform Bitcoin itself. Historically, alt seasons have created substantial wealth for investors since these smaller assets typically have more room for explosive growth. For instance, while Bitcoin may yield a 2X or 4X return on investment, specific altcoins have offered returns ranging from 50X to 1,000X. This potential for high returns explains why investors are eagerly awaiting the next alt season.
The Arguments Against Alt Season
Several key arguments have surfaced suggesting that an alt season may not materialize this cycle: