#altcoins
this altseason looks set to play out very differently from usual. Analysts tell Magazine 📰 that only certain altcoins will pump and that timing the peak will be a lot more difficult than before.🗞️
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“This cycle’s [altseason…] is likely to be more selective and will see narrative-driven runs (e.g., AI, RWAs) rather than all altcoins rising together,” says Jag Kooner, head of derivatives at Bitfinex.✨
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Kooner said a big factor is a massive oversupply of tokens, which at one point involved 50,000 new tokens per day in the market diluting gains, driven by memecoin dominance. 🌟
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“I don’t think it will be ‘the rising tide raises all ships,’” agrees Craig Cobb, the founder of The Grow Me Co, a crypto trader and technical analyst known on X as “Trader Cobb💫