why is ALTSEASON so difficult?
look at the growth in the number of tokens:
2013–2014 → ±500 tokens
2017–2018 → ±3,000 tokens
2021 → hundreds of thousands to millions
2025 → 36 million+
2026 → 120 million+
before, money went into hundreds of projects. now money goes into tens of millions of projects.
the analogy is simple
having 2 children, budget 2 million → each gets 1 million
having 20 children, budget increases to 4 million → each only gets 200 thousand
the budget increases by 100%, but the number of "recipients" increases 10x.
the result? the share becomes thinner.
in crypto, it's the same.
global market cap might rise. but the number of tokens rises much more brutally.
liquidity becomes fragmented. not all alts can pump together. only those with a strong NARRATIVE rise
now it no longer spreads evenly,
it only chooses the strongest.
the point is, follow the NARRATIVE