Altcoin seasons are over, expect ‘non-traditional’ cycles ahead: Bitwise exec
The altcoins with “real world” traction and application will be the winners of the next altcoin season, says Bitwise’s Matt Hougan.
The euphoric altcoin seasons where almost every cryptocurrency rises across the market are probably not coming back, says Bitwise investment chief Matt Hougan.
“I think that game is over. I think we’ll see a non-traditional altcoin season,” Hougan said in an interview on Wednesday. “An altcoin season that rewards assets with real-world traction and real-world application.”
“I don’t think we’ll see the sort of rising tide lifts all buckets where you rotate from Bitcoin to ETH to DeFi to NFT pictures of rocks.”
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