The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist.
Since the introduction of altcoins, after Bitcoin paved the road for them, we have seen many projects give 10x gains in relatively short periods. It has also been accepted that the crypto space oscillates between altcoin and bitcoin seasons, suggesting more investing opportunities down the line.
A deluge of memecoins flooded the market as well, serving as a more robust gambling system (compared to online casinos). As crypto space lost $530 billion market cap over the last 30 days, it is prudent to examine its fundamentals once again.
Is such a concept as ‘altcoin season’ meaningful moving forward? Is there more to cryptos than cyclical speculation? To answer those questions, we must first remind ourselves of narratives past.
The Merge Foreshadowing
During the evolution of the crypto space, Bitcoin became de-facto the only proof-of-work digital asset worth considering, following Ethereum’s The Merg
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