{"id":18113,"date":"2024-10-27T16:20:28","date_gmt":"2024-10-27T14:20:28","guid":{"rendered":"https:\/\/forklog.com\/en\/willy-woo-predicts-waning-altcoin-seasons\/"},"modified":"2024-10-27T16:20:28","modified_gmt":"2024-10-27T14:20:28","slug":"willy-woo-predicts-waning-altcoin-seasons","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/willy-woo-predicts-waning-altcoin-seasons\/","title":{"rendered":"Willy Woo Predicts Waning Altcoin Seasons"},"content":{"rendered":"<p>Altcoin seasons are likely to persist, much to the delight of speculators, yet the intensity of returns is expected to diminish as the cryptocurrency market matures. This perspective was shared by analyst Willy Woo.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I haven\u2019t talked about altcoins in years, I quit my interest in them after the \u201cshit rolls downhill chart\u201d mapping the performance of 10,000 of them. But someone asked me specifically and this is how I see altcoin market cap\u2026<\/p>\n<p>This cycle has been markedly different from others.\u2026<\/p>\n<p>\u2014 Willy Woo (@woonomic) <a href=\"https:\/\/twitter.com\/woonomic\/status\/1850081536269234432?ref_src=twsrc%5Etfw\">October 26, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThis cycle is markedly different from others. It is the third cycle since retail trading began to scale with altcoins that broke into the mainstream in 2017. The years 2020-2021 were about DeFi and NFT \u2018innovations,\u2019 [\u2026] and this third cycle is about meme coins that mock the crypto industry. There is no pretense of trying to be revolutionary, world-changing technologies, just an honest casino,\u201d he wrote.<\/cite><\/p><\/blockquote>\n<p>According to Woo, the dominance chart resembles a decade-long crash and recovery, akin to a \u201cCOVID crash in slow motion.\u201d With each season, altcoin growth will become weaker, the expert added.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cTrade them, of course, if you wish. Never hodl them unless you are so well-informed that you are an effective insider, because altcoins are an insider\u2019s game, like a casino where the house eventually wins. But you already know that,\u201d the analyst emphasized.<\/cite><\/p><\/blockquote>\n<p>In May, Woo <a href=\"https:\/\/forklog.com\/en\/news\/willy-woo-predicts-bitcoin-to-reach-1-million-by-2035\">predicted Bitcoin would reach $1 million<\/a> by 2035. He noted that this would be the \u201cfair price\u201d for the first cryptocurrency by that time.<\/p>\n<p>Earlier, analysts at Hashkey Capital suggested that merely surpassing the historical high of digital gold is insufficient to trigger an altcoin season. In their view, Bitcoin must reach $80,000 for this to occur.<\/p>\n<p>Bitwise outlined the conditions for the first cryptocurrency to rise above this mark by the end of the year. These include a victory by Donald Trump in the U.S. presidential election, a 50 basis point rate cut by the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Fed<\/span> with new stimuli from China, and the absence of significant surprises in the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Altcoin seasons are likely to persist, much to the delight of speculators, yet the intensity of returns is expected to diminish as the cryptocurrency market matures. This perspective was shared by analyst Willy Woo. I haven\u2019t talked about altcoins in years, I quit my interest in them after the \u201cshit rolls downhill chart\u201d mapping the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,1146,1138,1514],"class_list":["post-18113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-cryptocurrency-market-forecasts","tag-opinions","tag-willy-woo"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18113"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18112"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}