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- Broad altcoin rallies are unlikely without major project breakthroughs.
- Bitcoin now largely moves independently from altcoins.
- Crypto gains will be trend-driven, not market-wide.
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Crypto traders may need to adjust expectations, as the era of broad altcoin rallies appears to be waning. Vugar Usi Zade, Chief Operating Officer at Bitget, one of the world’s largest crypto exchanges, told Cointelegraph at Token2049 in Singapore that the market is unlikely to witness a traditional “altseason” anytime soon.
No Altcoin Boom on the Horizon
Usi Zade emphasized that the narrative of “everything will go up because it’s altseason” no longer holds. “We haven’t seen any technological breakthroughs or major project launches recently. Why would prices surge just because the calendar says so?” he asked. Historically, altcoins often rallied in Bitcoin’s shadow, but those days may be numbered.
Bitcoin Decouples from the Market
According to Usi Zade, crypto cycles are shortening and no longer move in sync with Bitcoin. “Bitcoin has its own rally; its impact on the rest of the market is almost zero,” he explained. Investors are increasingly seeing Bitcoin rise while most altcoins remain flat or even decline. This decoupling means money is no longer flowing from BTC into alternative tokens, limiting broad market surges.
The Rise of Narrative-Driven Rallies
Future crypto rallies are expected to center on specific trends rather than market-wide momentum. Usi Zade cited real-world assets (RWAs) as an example: “We might see portfolios of RWAs performing well, but that won’t extend to unrelated altcoins.” Investors chasing short-term gains may struggle to support projects without long-term technological or business fundamentals.
Also Read: Worldcoin Rally: WLD Surges 117% – Could Altcoins Follow?
The market is also seeing a change in guidance for newcomers. Where Bitcoin and Ethereum were once a standard recommendation, many now advocate holding solely Bitcoin. While ETH remains relatively stable, BTC’s nearly year-long rally has left little incentive for investors to diversify.
As crypto markets evolve, broad altcoin booms may become a thing of the past. Traders are focusing on narrow trends, project fundamentals, and Bitcoin’s continued dominance, signaling a more selective and cautious approach to crypto investing.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
