Investment Expert Warns: Altcoin Season is Coming to an End! Sharp Decline Possible - Coin Bulletin

After Donald Trump won the US presidential election, significant gains were recorded in the altcoin market, while some investors and experts warn of a possible major correction in the near future.

Fluctuations are expected in the altcoin market, especially with the increase in profit realization of institutional investors.

Felix Hartmann, manager of Hartmann Capital, indicated that the altcoin season may now be coming to an end. According to Hartmann, although many investors continue to behave irrationally, we are entering a period where venture capital firms and teams are starting to take more aggressive profits.

Hartmann stated that if the momentum in the altcoin market weakens, prices could drop rapidly and this drop could be sharp.

Hartmann said that the annualized funding rates of most altcoins are over 100% and that these movements are largely driven by perpetual futures traders. He pointed out that the decline in spot trading volumes has increased pressure on the market.

Altcoin prices have risen by up to two times.

According to CoinMarketCap data, Hedera (HBAR) has gained 99.31%, Iota (IOTA) has gained 79.61%, and JasmyCoin (JASMY) has gained 72.47% since November 1st, making them the top gaining altcoins. However, historical data shows that significant drops can occur after such rapid increases.

For example, in 2021, Solana (SOL) fell by 64 percent, dropping from $248.36 in November to $89 in January 2022. Similarly, XRP had lost 51 percent during the same period.

Not everyone shares the same opinion

While experts like Hartmann are expecting a correction, other investors argue that it is still early in the altcoin season. Trader Mikybull Crypto predicts that the altcoin season will last from December to March, while another trader, Sensei, states that the altcoin season has just begun.