The "alt season" that was basically watered by unlimited QE like in 20-21 is essentially gone.



Only projects related to each round of hot ecosystems (AI in 24, various micro-strategies in 25) and having some relevance are likely to run out a local "alt season" (and the exchange rate trend must be stronger than ETH/BTC).

There will no longer be a market where "everything is flying around". Even the on-chain big casino, after a year of gameplay iteration, has gradually evolved into a situation where whoever organizes the game, holds the insider information, can become the central hub of liquidity, release news, and earn profits.
ETH3.71%
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