Wen #altseason

This season, users have become much smarter. It's no longer the case that a lengthy whitepaper and a beautiful website will entice users to invest. Users generally know or know how to find sources to evaluate the project's fundamentals. Not to mention that this season's capital flow comes largely from institutions, and institutions are not lacking in brains.

The thesis this season divides into two extremes: really good or gambling. If it's just mediocre without a narrative, then it’s clear that only market makers and day traders will be involved, with no holders. Therefore, since the beginning of the season, the trend has always been BTC + memecoins.

Another point is that this season, there are projects everywhere while the capital flow is not significantly better than last season, and with users being smarter, the difficulty of the game increases.

As Arthur Hayes said: “It’s fundamental szn btches”.

Alt season always exists, but it’s not for everyone. Only for projects with solid fundamentals.