Future of Altcoin Season May Be More Selective, Says Bitwise CIO

Bitwise Chief Investment Officer Matt Hougan has suggested that the era of widespread gains across all cryptocurrencies, known as the 'altcoin season,' may not occur again. According to PANews, Hougan believes that the future will see a 'non-traditional altcoin season,' where only assets with real-world applications and genuine growth momentum will be rewarded by the market. Hougan highlighted that the upcoming altcoin season will be more differentiated, with the market potentially repricing certain tokens, especially those linked to major businesses. He noted that Bitcoin has recently started to bottom out and is showing an upward trend. The discussion around altcoin season remains a topic of debate within the industry. Data from Santiment indicates that mentions of altcoins on social media have dropped to a two-year low, suggesting that investor focus is currently centered on Bitcoin.