Market at Potential Turning Point as Altcoin Speculation Index Hits Low

According to Odaily, a prominent figure in the cryptocurrency community, @arndxt_xo, recently shared insights on the X platform, suggesting that the current market might be at an intriguing turning point. The altcoin speculation index has been at its lowest level for some time, indicating that retail investors have largely capitulated. This scenario might present a good opportunity to reconsider building positions. @arndxt_xo explained that a series of negative factors affecting various altcoins during this cycle, such as high Fully Diluted Valuation (FDV) and low circulation of new coins, have led to continuous price declines. These declines have significantly impacted the community's perception of altcoins, triggering a domino effect of falling prices. Meme coins have garnered attention, but as this interest reaches a fever pitch, the trend appears to be waning, though it might not completely disappear. In this context, @arndxt_xo believes that 'Smart Money' will start flowing back into altcoins. New projects are expected to learn from past mistakes in token distribution and valuation. Once the trend gains momentum, venture capital firms might follow suit.