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You Won’t Believe the Utterly Ridiculous Reason Altcoin Season Is Still MIA

A cartoon illustration depicting a chaotic scene with various cryptocurrency logos and symbols scattered around a graph showing an upward trend, while a figure in the background is shown jumping into a pool labeled 'memecoins' with a huge splash.

Crypto traders are so desperate for a return on their investments that they’re jumping straight into buying the most ridiculous, worthless altcoins like PEPE and WIF without even waiting for the market to heat up. It’s like trying to catch lightning in a bottle – except instead of getting struck by fortune, you get burned by your own gullibility.

Source: cointelegraph

As crypto traders eagerly await a potential altcoin season, one analyst argued it won’t unfold as expected because new crypto traders rush to buy the most speculative assets too soon. “The joke has been told, everybody knows the punchline, and they’ve just gone straight to the punchline, and it is just not funny anymore,” Glassnode lead analyst James Check said in an Aug. 29 episode of the Rough Consensus podcast. […]

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