The altcoin season in the cryptocurrency market has been delayed this cycle, with Bitcoin (BTC) outperforming other cryptocurrencies. Ether (ETH) in particular has underperformed despite growing adoption. Crypto analyst Ash Crypto discusses the lack of altcoin rallies and attributes it to the increasing number of crypto projects in the market. The analyst notes that the market is heavily diluted with a large number of cryptocurrencies, resulting in a focus on meme coins by exchanges and retail investors. This has led to losses for many buyers. The analysis shows that altcoins have turned bearish on a daily time frame, with lower valuations and increased selling pressure. However, it is important to note that this information is for informational and educational purposes only and should not be taken as financial advice.



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