Gate News bot message, many expected an altseason last year, but it never materialized. While some large-cap tokens including $BNB, $SOL, and $HYPE reached new ATHs, most tokens are now down by 40-50%.
The primary reason cited is capital dilution, as new narratives constantly emerge in the market. The absence of the anticipated altseason contrasts with earlier market expectations, with the majority of altcoins experiencing significant declines from their peaks.
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