A significant portion of the altcoins that made huge gains in 2021 did not deliver what was expected this cycle. They couldn’t even exceed their ATH levels, and this wasn’t something we encountered much in previous cycles. It is expected that well-established, surviving altcoins will raise their peaks during rising periods, but investors who looked at the past and prepared for the future were disappointed at this point. Arthur Hayes talked about just that this week.
Making Money in Crypto
Every cycle has a story. DeFi season or laye2 hype, metaverse, AI tokens, memecoins the list goes on. Sometimes a category evolves into what an entire cycle revolves around, and sometimes many categories experience periodic hype, as in 2021. The cycle we are in in cryptocurrencies has been much different.
Arthur Hayes, co-founder of BitMEX, thinks that this is the only way investors can make profits by adapting to changing conditions.
“altcoin season It always goes on… and if you say there is no altcoin season most of the time, it is because you do not own emerging assets. You wanted it to be like last altcoin season because you were sure what you needed to do today based on the conditions at the time.
They say: Oh, I should buy these because they went up last season.
“This is a new season, new things are rising.”
Hayes’ strategy is to invest in assets that rise in line with changing market conditions, that is, to have dynamic portfolios. What old investors are used to is a few altcoin holding it for years and waiting for it to see greater ATH levels.
Favorite: HYPE Coin
Hayes describes Hyperliquid as the best of the current cycle. The next generation DEX story is quite interesting and although cryptocurrencies are weakening, Hyperliquid is attracting volume and the protocol is making profits. HYPE Coin Reminding that it started at 2-3 dollars and rose to 60 dollars, the investor thinks that the altcoin season has already occurred and even continues.
Solana (LEFT) Giving an example, the name reminded that the price, which approached $ 7 with the FTX crash, exceeded $ 300.
“Actually, the altcoin season took place again, but you did not participate in it and were left out.”
Bitcoin 
$88,128.24 The price is trying to maintain 88 thousand dollars at the time of writing and altcoins are still red.
