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Traders refute the panic of the Bear Market and believe that the altcoin season is coming soon.
Gate News bot news, MN Trading Capital founder Michaël van de Poppe stated in an X post on May 28: "I don't understand why people are starting to claim that a Bear Market is coming." He refuted the claim that "the alts season is over," arguing that it has not yet begun, as many Token prices are still near their lows.
"They have actually bottomed out," van de Poppe added, stating that "the final 12-24 months of the easy period are coming soon." Although many alts have risen over the past 30 days, they are still below the levels seen during the market upturn prior to President Trump's inauguration in January.
According to CoinMarketCap, SOL has increased by 17.84% in the past 30 days, currently priced at 175.17 dollars, but it has still dropped by 32% since January 19. Meanwhile, XRP has risen by 1.98%, currently priced at 2.31 dollars, and has dropped by 29.35% since January 19.
Other analysts have expressed similar views to van de Poppe. Cryptocurrency trader Davinci Jeremie stated, "Soon, alts will surge like wildfire," while cryptocurrency trader Moustache remarked, "The 'peak season' for alts is not just a meme. Ladies and gentlemen, it is coming soon."
Source: Cointelegraph