During every market cycle in which BTCs price paints a new all-time high and breaks into uncharted territory, analysts start to speculate about the upcoming run for altcoins, which is named altseason.

With bitcoin already trading above $100,000 for the first time ever, many industry experts have used the opportunity in previous months to outline their respective reasons for when such an altseason will occur.

Now, though, a popular analyst with nearly 120,000 followers on X indicated that there might not be such a period during the ongoing cycle.

No Altseason?

Unpopular opinion: There won’t be an alt season!

Today, there are over 36.4 million altcoins, compared to fewer than 3,000 altcoins during the 2017-2018 alt season and even fewer than 500 altcoins in 2013-2014.

With such massive supply, the market have changed significantly. pic.twitter.com/xLVLA2ug2t

Martinezs reasons are mostly based on the enormous amount of altcoins currently in circulation. As he noted, there were a lot fewer during the previous altseasons that delivered incredible returns for many of them.

Now, though, the creation of an altcoin, typically a meme coin, is particularly easy, especially on cheaper platforms like Solana. Consequently, many people have the ability to launch their own, most of which turn out to be flat-out rug pulls that scam investors. After all, whats the point of millions of altcoins to exist? Do they all have an actual purpose that benefits the industry? Doubtful.

A Different Altseason Instead?

CryptoQuants CEO recently shared a somewhat similar opinion. He believes that there will be an altseason this cycle, but it will be entirely different, mostly due to the aforementioned reasons theres no viable way that all those millions of alts will explode in value.

Instead, he noted that only a handful of alternative coins will chart impressive gains and will lead the pack. This makes a lot more sense and has been observed in the past few months. Assets like XRP, XLM, HBAR, SOL, ADA, and DOGE posted significant increases within triple-digit territory, and some broke their previous all-time highs while others came inches away.

Interestingly, many of the projects behind the altcoins in question are based or affiliated with the US, which is also quite logical given the positive changes in the local regulatory landscape after Trumps presidential victory.