Altcoins look good, market still bad. What stage are we in?
The wealth effect of 2021 won't happen anymore. The biggest structural change in this cycle is: "Token Supply".
1. Over $200B in tokens are set to unlock between 2024–2025
2. Attention and liquidity are fractured
3. Capital rotates quickly between narratives but fails to drive broad rallies
4. ETF inflows buoy BTC and ETH, but not alts.
5. Alts drive their up token price by extracting liquidity from the US stock market
There are just only few alts is buyable now:
1. Sector Leaders: $PUMP, $HYPE
2. Beta Plays: $AAVE, $ENA, $UNI
3. Localized Alpha: HyperEVM, upcoming MegaETH, Monad, etc.
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