Looking at the charts — we're early in the altcoin cycle, not late. The structure mirrors 2016/2017 and 2020/2021 setups. Those runs didn't peak until year two.

Right now? We're in the base-building phase. $BTC dominance still elevated, alts consolidating, no parabolic moves yet. That's textbook early cycle.

The real altcoin expansion — the part where everything runs — that's 2026/2027. This is the accumulation window. The setup is forming, not finishing.

If you're impatient, you'll fade it. If you read the cycle structure, you position now and let it develop.