Trading Legend Henrik Zeberg Says Altcoin Season Is Close

In the last seven days, 8 out of 10 largest alternative cryptocurrencies by market capitalization witnessed double-digit losses. Binance Coin is the strongest performer as its cap only dropped by 1.5%.Bitcoin dominance jumped to multi-month highs in April

As covered by U.Today previously, some of the biggest altcoin seasons in the past were preceded by meme coins rallying. During the past weeks, some shady meme cryptos, including Pepe and ArbDoge AI , printed enormous gains.Some of these cryptos have too many red flags: their supply is controlled by whales, and the owners of the contract can voluntarily blacklist holders.

Zeberg is very far from being the only speaker to predict an"altcoin season." Veteran crypto entrepreneur and investor Arthur Hayes, co-founder of BitMEX, declared an"altszn" on April 14, 2023.

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