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Why alt season has not started yet ? Explained! ---------------------------------------- 7.4 million tokens are generated just using pump fun dot com (figure 1 ) I am explaining this in great detail because I know many of you are in pain that your buying of alts in 2022 or later did not go up as much as you expected or some are even down - When there are millions of tokens in market , can alt season actually happen ? Many gurus are saying so many things why alt season is going to happen , why not happening but they are not telling the main reason : there are too many tokens right now , every day exchanges are listing tokens , an alt season in these millions of tokens will mean hundreds of trillion $ market cap , can that happen ? no when the new tokens mania starts cooling off then you can expect an alt season - btc dominance itna bara masla nahi hai jitna ye hai (figure 2) Whats the actual bad impact of these token creations ? when they pump the old coins people hold dont pump that hurts the sentiment and then the alt season gets delayed because they dont want to accumulate alts anymore - this is pump dot fun daily revenue chart (figure 3) when it starts going down then money will flow from speculative trading to fundamentally strong alts and then you can finally expect a full fledge alts season I also want to clarify that its not the size of pump dot fun that matters , it may be in just a few billions , its the attention grabbing and negatively impacting investor sentiment which is stopping or lets call it postponing the alts season -
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#AAVE / USDT 🔹Descending channel formation. 🔹Price is on the verge of Breakout. 🔹A good volume breakout will push the price to 260$+. 🔹Wait for proper confirmatiom before making an entry. 🔹Keep an eye on it. 🔹We will share call soon.
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#SOL / USDT Price is almost near the trendline. We need a good candle close above 197$ and then we will see a pump. Keep an eye on it.
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