Whether the altcoin season can come depends on the interest rate cuts after Trump takes office. If Fed Chairman Powell remains inactive, then the big story of altcoins might have to wait until 2026. In 2025, the hot money might not be enough to support those grand narratives, such as if you bought coins at the beginning of the year and are still holding them, whether you can continue to profit next year.
The future of altcoins is essentially a process of continuous unlocking and increasing circulation. Although some coins have soared in price after unlocking this year, we cannot only look at the price; we must also consider the trend of circulation changes. Pumping, unlocking, selling, and then pumping again, this is their daily operation.