Analytics Firm CEO Forecasts Altcoin Season Kickoff in June-July

Joao Wedson, CEO of cryptocurrency analytics firm Alphractal, shared his outlook on the upcoming altcoin season via social media. He asserted that activity is already increasing in the altcoin market and predicted June and July as the likely start for the new altcoin rally, with a peak anticipated in August and September. Wedson emphasized that memecoin, GameFi, and DeFi projects are expected to perform strongly during this period. He foresees a sharp decline in Bitcoin dominance while altcoins rally, although he anticipates a distribution phase in October-November where many altcoins could reach all-time highs but also face profit-taking. Wedson highlighted the declining use of the Bitcoin network for transactions and noted that most crypto activity now happens on Ethereum, Tron, and BSC networks.