According to Bitwise CIO Matt Hougan, the old-style altcoin season may be gone.
In the past, once Bitcoin pumped, almost every altcoin followed. Many coins surged simply because of market hype.
But the next cycle could be different.
Not every altcoin will rise. Only projects with real-world utility, strong adoption, and real traction are likely to outperform. Hougan calls this a “non-traditional altcoin cycle.”
That means the market may start re-valuing crypto assets:
Strong projects connected to real businesses could grow.
Weak or speculative coins may be left behind.
What should investors focus on?
• Don’t buy every altcoin blindly
• Look for real utility and adoption
• Keep watching Bitcoin, because it still leads the market
Interestingly, social media discussions about altcoins are at their lowest in 2 years, while attention is shifting back to Bitcoin.
This could mean the market is maturing, where research and smart selection matter more than hype.
Question:
Do you believe in Hougan’s “non-traditional altcoin cycle”, or do you think the classic altcoin season where everything pumps will return?
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