James Wynn believes that this year there is no comprehensive altcoin season, only Bitcoin and MEME coins have trends. I partially agree with this view; there certainly isn't a comprehensive altcoin season, but there is definitely a structural altcoin season. Why do I think there isn't a comprehensive altcoin season???

Many people believe there is a comprehensive altcoin season, citing 2021 as an example, where Bitcoin rises first, then Ethereum, and finally altcoins. This viewpoint is extremely incorrect, akin to carving a boat to seek a sword. In 2015, 2017, and 2021, the number and variety of altcoins were not as abundant, and in 2021, under the macro environment of unlimited quantitative easing, many office workers were working from home, making the trend of trading coins quite popular. What is the current environment? Interest rates are maintained at a high level, and there are increasingly more altcoins, while remote work has decreased significantly. Moreover, looking at some monthly bull markets in the crypto space, such as in March 2024 and November, altcoins (including Ethereum) have not reached new highs since then. Therefore, when coming to this speculative market, do not harbor any illusions about a comprehensive altcoin season.

There will definitely be a structural altcoin season. It is quite simple: this round of the bull market’s altcoin season is divided into several phases of speculation. From October 2023 to March 2024, speculation on the AI and MEME tracks, such as ORDI, ARKM, WLD, PEPE, and INJ, has yielded tens of times in gains. From November 2024 to January 2025, speculation on the MEME and mainstream coin tracks, such as PNUT, ACT, XRP, ADA, HBAR, and XLM, has yielded around ten times in gains. So, in 2025, there will still be a wave of structural altcoin trends. It depends on whether you can choose the right track and the right coins. Altcoin seasons do exist, but they operate in phases. This current bull market presents a structural altcoin trend that confuses many people, making it hard to choose the right track and coins. This is also why many people find it so difficult to make money in this round of the bull market.