Arthur Hayes claims Altcoin season still alive, traders just missed the winners
The post Arthur Hayes claims Altcoin season still alive, traders just missed the winners appeared on BitcoinEthereumNews.com.
BitMex co-founder Arthur Hayes argues that the altcoin season is an ongoing process that never truly ends, and traders often miss identifying the winners. Hayes urges traders to reconsider their approach to altcoins and pay closer attention to new, high-performing tokens, rather than relying solely on historical trends. Hayes noted during a podcast interview with crypto enthusiast and influencer Kyle Chasse that many crypto traders are busy waiting for the next altcoin to happen, but what they fail to notice is that it is always happening. He further emphasized that the only reason they think altcoin is not there is that they do not know what went up. According to the BitMex executive, many crypto traders are looking out for an altcoin season that resembles the last one, as this gives them a sense of familiarity. He noted that most traders are tempted to buy what pumped last time, hoping that history repeats itself. Hayes uses Hyperliquid to prove point Hayes mentioned Hyperliquid (HYPE) as one of the best stories of this crypto cycle, noting that it launched at $2 or $3 before skyrocketing to $60. He also noted that Solana crashed in 2022 to about $7 before jumping periodically to reach nearly $300 early this year. “Again, there’s been altcoin season. You just didn’t participate in it.” –Arthur Hayes, Co-founder of BitMex However, not everyone agrees with Hayes’ views on altcoin season. Some traders with differing perspectives are still waiting for the traditional crypto market to unfold in the same way, starting with Bitcoin, before capital shifts to Ethereum, and later to other smaller altcoins. Meanwhile, CoinQuant CEO Maen Ftoui recently claimed that older altcoins with ETFs will dominate a significant portion of the capital deployed in the next altcoin season. Bitfinex analysts previously claimed that altcoins were unlikely…
