The main reason there has been no altszn for so long is not the huge number of new coins, not institutional interest in BTC, and so on — it’s simply the 2021 altseason itself and the astronomical (tens of billions FDV) valuations of every coin on the market…
• AVAX — $67B
• NEAR — $26B
• STRK — $20B
and so on.
And all that time (5 years) was needed to liquidate those valuations.
After that, all coins are in the market, and all (VCs) who wanted to sell have sold. And now they’ve started growing again.
And if it all repeats with the same coins that were considered dead, we can say with confidence that the crypto market has not changed at all and never will…
And this is the most likely scenario…
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