Do we think there is a chance of potential altseason next few years like we saw before 2022 or are those times over?
I have been in crypto a few years now and had a few good winners end of 2024 seeing returns of 10x or more but the majority of my altcoins are in the red and not seen any type of positive action since 2021.
I have been reading one of the main reasons altcoins have not performed well since the end of 2021 is because we had QT (quantitative tightening) for 3.5 years from June 2022 till December last year and during QT altcoins do not tend to perform well due to drained liquidity and risk off environment. Do we think this is a likely reason for lack of altseason or not?
Bitcoin did really well last cycle, going from $15.5k end of 2022 to $126k October last year, a 700% increase and some alts did this but majority did not.
I am just wondering what to expect from alts next few years, are the days of seeing a 30-50x return still possible or should we just be very happy if we get a 10x with altcoins now?
Sometimes with what is happening innthe cryptocurrency market, is hard to say when the next altcoin market bull season will happen, we saw how bitcoin and other top cryptocurrencies declined unexpectedly last week because of the various bad news innthe market abou6cold car hack and binance hack where billions in dollars of bitcoin was stolen from the exchange hot wallet, such incident use to have negative impact on the market and this one of such outcome.
