Although the prices of some altcoins have risen, the number of daily active wallets has not increased. It is still a long way from altcoin season to rise generally.

Odaily Planet Daily News Crypto analysts have found that although some altcoins on the market have seen price increases, the number of daily active wallets has not increased, and the attention of retail investors has declined, resulting in limited short-term price increases for altcoins, indicating that altcoins are still in the "speculative" stage, and are still far from a general rise in the altcoin season. For example: When the price of Algorand (ALGO) tokens was about $0.28 on February 10, the number of daily active wallet addresses dropped to 182,000, and when ALGO hit a record high of $1.46 on December 20, 2021, its number of active addresses exceeded 1.31 million; The number of daily active addresses on the LINK network dropped to 3,860 on February 10, while it was 11,200 on May 3, 2021 when LINK hit a record high of $46.71. Nicolai Sondergaard, a research analyst at Nansen, said, "The altcoin season will still come, but the form may be different from the past. There are more tokens and they are more decentralized. Although most of them have risen, the growth of specific tracks and tokens will far exceed that of other sectors." (Cointelegraph)