đš New Crypto Tradersâ Impatience Delays Altcoin Season, Says Analyst đš
James Check, Glassnode's lead analyst, has pointed out that the much-anticipated altcoin season is facing delays due to the impatience of new crypto traders. On a recent episode of the Rough Consensus podcast, Check explained that these traders are rushing into speculative assets like memecoins too early, disrupting the natural market cycles.
Historically, altcoin rallies followed Bitcoin and Ethereum's lead, but this cycle has seen memecoins like PEPE and WIF surge ahead. Check noted that traders' focus on quick profits from memecoins has left traditional altcoins out in the cold. Despite this, some analysts believe altcoins are in a major accumulation phase, hinting at a potential rally on the horizon.
Is the altcoin season just around the corner, or will traders' impatience continue to push it further away? Stay tuned! đ
