Cryptocurrency analyst Joao Wedson spoke about the possibility of a 2021-like altcoin season.
Following the sudden decline in the cryptocurrency market, analyst Joao Wedson made updated assessments regarding the altcoin season.
Wedson noted that the weekly and daily Altcoin Season Index has fallen back into “Bitcoin season” territory. However, he noted that some altcoins in the top 20 experienced more limited losses compared to Bitcoin, which is starting to push the index upwards.
According to Wedson, the altcoin seasons seen between 2022 and 2025 were both short-lived and fell far short of the explosive performance of 2021. One of the main reasons for this is the low levels of investment capital flowing into crypto, Web3, and blockchain projects. The analyst noted that the intense inflow of funds seen between 2020 and 2022 was not repeated this time around, with capital largely directed towards the artificial intelligence sector.
Therefore, Wedson believes a broad altcoin season similar to 2017 or 2021 is unlikely unless large institutional investors return to crypto. Instead, he sees more isolated, trend-driven surges around specific themes and sectors, like those seen in 2024 and 2025.
