The post Why Altcoin Season Never Comes appeared on BitcoinEthereumNews.com.

In 2017, the first-ever altcoin season occurred, during which Ethereum and other cryptocurrencies experienced greater market capitalization growth than Bitcoin. At that time, many believed that digital gold would lose its leading position to emerging projects. However, these expectations did not materialize. In the following years, a certain cyclicality emerged in the market. Based on charts from recent years, analysts anticipate a new surge in altcoins. A Bit of History The success of the first cryptocurrency attracted enthusiasts with various viewpoints who promoted their principles and ideas to the masses. Bitcoin paved the way for a series of technological and social experiments aimed at creating and developing decentralized networks. As a market-forming protocol, Bitcoin was the first project to offer a balanced solution to the blockchain trilemma: decentralization, security, and performance. Yet, it turned out that not all users valued this balance. This led to the formation of two opposing camps: Bitcoin enthusiasts and supporters of alternative coins. The developers of these alternatives primarily focused on performance, often sacrificing security or decentralization. Aggressive marketing strategies were frequently employed to promote projects, using phrases like “Bitcoin killer.” However, the scale of adoption of digital gold and its market valuation proved unattainable for all altcoins. The struggle between these two directions can be observed in the historical chart of Bitcoin’s dominance, which shows the percentage share of BTC compared to other coins and tokens in total cryptocurrency market capitalization. Bitcoin Dominance Chart. Source: CoinMarketCap. In 2016, Bitcoin’s share began to decline due to several hard forks, including Bitcoin Cash, the launch of Ethereum’s blockchain, an ICO boom, and the adoption of the ERC-20 standard. This was when the concept of a season first emerged, when alternative coins and tokens showed greater growth than the first cryptocurrency. In 2017, Blockchain Center launched an…

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Filed under: News - @ February 21, 2025 1:26 pm