An expanding range of crypto products gives investors more alternatives to altcoins and may reduce the odds of a marketwide altcoin rally, Hyblock Capital CEO and co-founder Shubh Varma said.
Varma's definition uses a 100-coin comparison: altcoin season starts when at least 75 of those assets outperform Bitcoin (BTC). He said the condition had remained unmet for a period he estimated at 18 months to two years, despite Bitcoin's latest advance.
Varma said investors had fewer crypto options in earlier cycles, when rising markets tended to channel money into a narrower set of alternative coins. Exchanges now offer products connected to real-world assets and artificial intelligence, which he described as additional uses for investors' capital.
His assessment was that altcoins face a lower chance of a marketwide surge; he did not describe a collapse in the assets.
