$ALTS
The Altcoin Hype Cycle model was correct for Q4, 2023 and Q1, 2024
However, not so much for Q2, 2024 and Q3, 2024
Historically, Altcoins always underperform after the Halving, in large part due to the Post-Halving ReAccumulation phase which fails to attract new Money Flow
That said, it does look like the Q4 Altcoin Hype Cycle is in progress thanks to Bitcoin's breakout into Price Discovery
$BTC Price Discovery has attracted new Money Flow which in turn benefits Altcoin valuations
