Odaily Planet Daily reported that cryptocurrency analyst Willy Woo posted on X yesterday: "I haven't talked about altcoins for years. After the 'shit rolls downhill chart' depicted the performance of 10,000 altcoins, I lost interest in them. But someone specifically asked me, and here is my view on the market capitalization of altcoins: This cycle is distinctly different from other cycles. This is the third cycle since 2017 when retail investors began to incur massive losses in altcoins as they went mainstream. The 2020-21 period was marked by the 'innovation' of DeFi and NFTs, where a large number of retail investors lost again. The third altcoin cycle revolves around Meme coins, which satirize the cryptocurrency space. They don't pretend to be world-changing technology; they're just an honest bubble casino. So I think retail investors may have understood. It generally takes three attempts to learn something. Their dominance has not fully restored to long-term equilibrium, but nobody knows what the long-term equilibrium will be. I'm not saying there won't be an altcoin season. Of course, as investors chase higher returns on the risk curve, small and medium altcoins will rise after a BTC surge. This is a normal part of the market, and we have seen this in stocks. It's just that since the 2017 altcoin bubble began, each cycle of altcoin season has become weaker. Also remember, the market cap of altcoins is the sum of all new winners... losers are not counted in the market cap. Of course, trading is possible if you want to participate... but unless you understand the ins and outs well enough, never hold them, because altcoins are an insider's game, just like a casino, where the house always wins in the end. But you already know that."

#NFT