X @Ignas | DeFi

Market Sentiment & Altcoin Potential - The market's speculative spirit has diminished due to overvalued tokens and losses from memecoin trading [2] - Many believe the next altcoin season may not occur [2] - A disbelief rally is anticipated, potentially transforming into a significant altcoin bull run [4] Altcoin Market Analysis - Altcoin market capitalization stands at $13 trillion, lower than the 2021 peak despite a surge in the number of altcoins [3] - The proliferation of tokens has diluted attention and capital flows across assets [3] Key Factors for Altcoin Success - A select number of altcoins with great product-market fit (PMF) are expected to experience a substantial bull run [3] - Focus attention on a few Schelling point tokens and restore belief in the market [3] - Altcoins need to demonstrate a built-up Lindy effect, revenue and value accrual to the token, and adoption by TradFi [5] Blockchain & Token Value Proposition - There's a shift towards valuing blockchains for their utility, while tokens require a clear value proposition [1] - The industry is concerned that traditional finance (TradFi) will leverage technology developed and funded by the crypto ecosystem without contributing value [2]