Part 4/7:
- Changing Investor Attention: There's a shift whereby meme coins have captured the spotlight, drawing attention and investment away from altcoins, leading to a declining interest in established projects.
Factors Holding Back Alt Season
Despite the pessimistic narratives, several factors are cited as barriers to the emergence of alt season this cycle:
- Bitcoin's Bullish Outlook: Bitcoin is currently in a strong position, with major entities and Wall Street investing. Its performance greatly impacts altcoins, as capital usually flows from Bitcoin to altcoins when investors seek to diversify.