Altcoins are currently experiencing a downturn while Bitcoin remains stable around $109,000.
Traders and analysts are noting the lackluster performance of altcoins and are anticipating the arrival of altseason.
Analysts believe that the upcoming altseason will be significant, although it may not mirror previous altseasons due to the large number of tokens available.
Despite signals pointing to a potential altseason, altcoins like XRP, Solana, Hyperliquid, and Sui are still facing losses and may not be ready to surge yet.