📰 The "Altcoin Season" era may have come to an end
The investment director of Bitwise notes that the structure of the Crypto market is fundamentally changing:
- The cycle of traditional capital (Bitcoin -> ETH -> Altcoin) no longer operates as it used to.
- The differentiation of assets will be fierce instead of a simultaneous price increase for the entire market.
- Only projects with real-world applications and clear business value will have the potential to break through.
👉 The market is shifting from emotional speculation to valuation based on actual performance and cash flow. The scarcity of capital will filter out projects lacking intrinsic value.
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