Everything is dependent on BTC. People might say that BTC is no longer the powering source but that is not true because when people get exposed to crypto, they first get to know only about BTC and then start exploring the other coins and other projects out there. People don't care if BTC has so many limitations or if there are other projects out there that are better than BTC. For example, BCH is way better than BTC in terms of transaction fees, speed, and many other aspects but it can never surpass BTC because of the fanbase and popularity.
There is a huge expectation that the Alt season might start after Bitcoin reaches its all-time high. Something makes me feel that it will not be the case like previous bull runs. I would like to brief you on those thoughts in this article. In the previous bull run people had a lot of money and did not know where to invest and many alt coin projects were an attractive option. This time it makes me think that people will think before investing blindly in an alt-coin project.
BTC is slowly reaching its previous ATH
BTC is showing a good sign of growth. The surge is happening gradually unlike the previous bull runs. People are becoming slow investors in BTC and there is not much sell pressure. The biggest move might happen after BTC crosses its previous ATH value. Currently, people who are investing are probably new investors mostly trying to have decent BTC holdings. The old investors would start moving their funds only after the previous ATH is achieved. These are my thoughts.
It is a general belief that people will book their profits at the previous all-time high and then move their funds to some of the alt-coin investments. In the previous bull runs people were ready to invest in any projects that were emerging. But in the last few years we have seen any projects staying stagnate and have not performed very well. I guess BTC investors will be wise to invest their money only in long-lasting and sustaining projects rather than any random project with an attractive plan.
DeFi projects are no longer attractive
In the last few years after the previous bull run many DeFi projects have not performed very well. There are still a few projects out there that are popular self-sustaining and still good. But most of the DeFi projects lost big time in the previous bear market. This will be an eye-opener and most people will not lose their money anymore on DeFi projects unless there is something really attractive in it. Maybe a project that has a concrete connection with the real world might have some advantage.
In DeFi investments it is mostly the early birds getting bigger prey. The early investors made a lot of money and that too from small investors. The early guys got most of their investments and that's one of the reasons why it is no longer attractive right now bringing in new investors is not a reality because there are other attractive projects out there for early birds. Some projects did not even give anything for even early birds because the birds decided to stay here for the long term without booking profits.
Games can have some hope in the future
Some new gaming projects are emerging soon. These gaming projects may not be the same as the previous gaming projects that were just money grabbers. Hopefully, the real-world games that people usually play might join the blockchain world and have a self-sustaining model that provides both fun elements as well as some income generation to the investors. This can be an opportunity if the altcoin has to bloom at all. The gaming industry is something that can still have some more hopes left. There are also a few game projects that did a rug pull in the bear market but some are holding very strong and can have something attractive in the next bull market.
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Posted Using InLeo Alpha
