According to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan stated that the traditional "altcoin season" characterized by broad market rallies may be over, and a more "atypical" altcoin cycle is on the horizon. Hougan believes future altcoin seasons will be more differentiated, rewarding assets with "real-world applications" and "tangible value," rather than the past pattern where "a rising tide lifts all boats." He noted: "I don’t think we’ll see another rotation from Bitcoin to ETH to DeFi to NFT images."
Bitwise CIO Predicts the End of the Traditional Altcoin Season
TechFlowShare
Summary
Bitwise CIO Matt Hougan told TechFlow that the traditional altcoin market rally pattern may be over. He expects a new cycle in which only assets with real-world use cases will outperform. Altcoin analysis now needs to focus on fundamentals, not just market sentiment. Generalized growth is unlikely to return in the near term.
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