Quote from: logfiles on Today at 10:16:10 PM

Quote from: MandatoryOption on Today at 09:54:43 PM

But I am also wondering if we will ever see an altseason like 2017/18. This bullrun is driven more by large institutional investors and they seem to be mostly interested in top cryptos, like Bitcoin or Ethereum. I doubt that they know any coin outside the top 20 MC.

If you are expecting to see shitcoins spike in prices like you saw back in 2017-2018 then I feel sorry for you. It's not gonna happen. With the lessons learned during the 2018 bear market, Some people are now smart, and they know where to put their money.

Look at what happened to ETH today, you would expect ERC20 tokens to spike as well in price but this was not the case. I think what made altcoins have a great season in 2017 was because of the ICO hype which isn't the case this time round. Even the DeFi hype isn't anywhere close to what we saw that year.

I didn't say I expect such crazy shitcoin pumps as in 2017/18. But I think most people still think an alt season means every shitcoin besides Bitcoin pumps. As I said, I also think this time it's different. Since it's not average people fomoing into crypto but rather "smart" institutional investors that drive the price this time we will probably only see realy gains for top altcoins, heck maybe even only for ETH.

MandatoryOption

Posts

Merits