People are claiming that there may not be an altcoin season this year.
However, if there is no altcoin season, the cryptocurrency circle will not be able to attract more participants. How will the ecosystem of projects such as Bitcoin and Ethereum be maintained? Will institutions enter the market just for fun?
Therefore, I firmly believe that the altcoin season will still exist, but it may be limited to inscriptions, MEME and high-quality old coins.
Bitcoin's performance in previous bull markets should not be replicated. Today's decline in altcoins is a normal correction, and the comparison with previous bull markets shows this rationality. From October to March last year, it was a bull market, with a sharp drop in April, a rebound in May, and a continued decline in June. After two months of shock at the bottom, it started again.
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