Analysis: Altcoin Season May Have Arrived, But This Time It's Different
On May 11, analyst 2Lambroz suggested that the altcoin season might have arrived, but he noted that market dynamics have changed. People want to buy in, but there is a lack of confidence in any strong narrative.
He pointed out that unlike in 2021, there are currently no signs of retail investors entering the market. Traders are turning over their funds more quickly, with little incentive to hold long-term positions.
Technical trader Moustache holds a more optimistic view. He shared a chart showing that altcoins repeatedly go through accumulation phases followed by explosive growth. According to his analysis, the current structure is similar to the situations in 2016 and 2020. The altcoin season of 2025 has officially begun.
However, skeptics remain. Commentator Rekt Fencer pointed out that most altcoins have dropped 90% since last December. This week's 10% minor rebound has sparked excessive optimism, prompting him to mock this rally. This is the altcoin golden age we've been waiting for. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sources say Southwest Airlines is considering adopting Boeing 787 to expand international long-haul routes
Sources say Southwest Airlines is considering adopting the Boeing 787 model to expand its international long-haul route business.
SpaceX acquires low-frequency spectrum, targeting US wireless carriers
SpaceX rose nearly 3% after hours as the company acquired low-frequency spectrum, targeting US wireless carriers.
TD Bank approved for up to 100 billions CAD share repurchase plan
TD Bank has received approval to carry out a share repurchase program with a maximum amount of 10 billions Canadian dollars. This approval reflects TD Bank’s strong confidence in its own long-term fundamentals, and the bank will flexibly arrange the specific pace of the repurchase based on factors such as market conditions and its own operations.
SpaceX to acquire nationwide 800MHz spectrum portfolio pending FCC approval
SpaceX (SPCX.US) announced on Thursday that it has reached an agreement to acquire a portfolio of low-frequency spectrum licenses covering the entire United States, enabling it to directly compete with traditional wireless communication giants nationwide. While Starlink Mobile’s existing global 2 GHz mid-band spectrum will provide high bandwidth capacity, this new spectrum will allow its signals to penetrate obstacles. This move accelerates Elon Musk’s ambitious plan to bypass traditional wireless infrastructure and deliver cellular network connectivity directly to smartphones from Earth’s orbit. The deal involves acquiring 100% of a nationwide 800 MHz spectrum portfolio owned by private equity firm Grain Management, and is still subject to regulatory approval by the Federal Communications Commission (FCC). In addition, the FCC this week approved Starlink Mobile’s application for a second-generation satellite constellation, authorizing SpaceX to deploy 15,000 satellites worldwide optimized for the 2 GHz band. Following the announcement, shares of US telecom companies fell in after-hours trading, while SpaceX (SPCX.US) shares rose by over 1.7%.
Crypto prices
More
