If ‘altcoin season’ happened today what would the cryptocurrency prices look like? What about if Bitcoin continues to reign supreme and BTC dominance keeps rising? We model different BTC dominance scenarios and show the price implications on Ethereum, XRP, Bitcoin Cash, and Litecoin—providing a best-guess estimate of what the markets could look like.
Among cryptocurrency enthusiasts, there is a continuous debate on whether ‘altcoin season,’ a sustained period where altcoin gains outpace Bitcoin, will happen. The last altcoin season happened in 2017, where many altcoins saw 10x+ returns in a matter of weeks.