The anticipated Altcoin Season of 2025 may not materialize, according to market analysts. Historically, Bitcoin halvings triggered price surges, followed by a rally in altcoins.
The current market dynamics suggest a shift. Analysts like Ali Martinez attribute this to an oversupply of cryptocurrencies—over 36 million altcoins now exist compared to just 3,000 in 2017/18. This surplus has altered the market, with demand failing to match supply.
Economist Alex Krüger predicts that a prolonged Altcoin Season is unlikely, though brief rallies lasting days or weeks remain possible. Additionally, the proliferation of low-quality tokens and memecoins has led to significant losses for retail investors, pushing many out of the market. Experts believe only a few altcoins with strong use cases will endure, with Ethereum (ETH) and maybe Solana (SOL) poised for potential growth due to its institutional appeal and utility.