Here’s Why ‘Altcoin Season’ For XRP, ETH, SOL Has Not Happened Yet
Posted On July 2, 2025
Cryptocurrency analyst Benjamin Cowen has argued that an ‘altcoin season‘ has failed to materialize due to monetary policy, liquidity and stubborn Bitcoin (CRYPTO: BTC) dominance.
What Happened: In a podcast published on June 28, Cowen stated, “Altseason has not happened yet.”
According to Cowen, a sharp drop in Bitcoin (CRYPTO: BTC) dominance and a relative surge in altcoin performance — the conditions that typically fuel altcoin rallies in coins like Ethereum (CRYPTO: ETH), XRP CRYPTO: XRP), and Solana (CRYPTO: SOL) — aren’t present.
“If you only followed Crypto Twitter, you’d think we’re already in our 700th alt season,” Cowen joked. “But the data tells a very different story.”
Reviewing historical trends, Cowen noted …
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