I've been waiting for real altseason but haven't seen the proper altcoin pumping yet.
I know there was massive pumping for some of the alt tokens but it looks completely different than 2021 or 2017.
What makes it different to those years?
It is different now because there are too many coins unlike that time. Also people talk more about memes this time which is what people are using to do their gambling. They will it pump and later dump it after some time. You can not compare it to when there were just few meme coins and in a way that people are focusing on all the altcoins, unlike now that the coins are too many.
Possibly the reason why there has not been an altseason so far is because people are too distributed. Too many coins that are not really that good in the first place and people are scattered all over different coins and tokens that don't really hit a particular price point. Altcoins may have now a more difficult image with memecoins existing. It definitely changed a lot of people's perception about altcoins, I feel like.