Rethinking the 'Alt Season' Concept for Improved Trading Strategies
According to Miles Deutscher, the concept of 'alt season' should be removed from traders' vocabulary to enhance trading performance. Deutscher argues that labeling certain periods as 'alt seasons' for specific sectors like memes, AI, agents, and RWA can mislead traders into expecting sustained upward trends, which are not guaranteed. This perspective encourages a more nuanced and data-driven approach to trading cryptocurrencies, focusing on individual asset analysis rather than seasonal trends (source: Twitter @milesdeutscher).
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On February 6, 2025, crypto analyst Miles Deutscher pointed out the fluctuating trends in the cryptocurrency market, highlighting the shifts in market focus from one sector to another without using the term 'alt season' (Deutscher, 2025). According to data from CoinMarketCap, on November 1, 2024, meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) experienced a significant surge, with DOGE reaching a peak price of $0.56 and SHIB hitting $0.000034, marking an increase of 45% and 50% respectively within a 24-hour period (CoinMarketCap, 2024). The trading volume for these meme coins also soared, with DOGE recording a volume of $10.2 billion and SHIB at $2.8 billion on the same day (CoinGecko, 2024). This surge was accompanied by a notable increase in social media mentions and discussions, indicating heightened interest and speculation in the meme coin sector (LunarCrush, 2024). By December 1, 2024, the market's attention shifted towards AI-related tokens, with SingularityNET (AGIX) and Fetch.AI (FET) witnessing a 60% and 55% price increase respectively, reaching $0.89 and $0.76 (CoinMarketCap, 2024). The trading volume for AGIX and FET surged to $1.2 billion and $800 million respectively, reflecting strong investor interest in AI technologies (CoinGecko, 2024). In January 2025, the focus moved to agent-based tokens, with tokens like Injective (INJ) and The Graph (GRT) experiencing a 40% and 35% increase in price to $35.20 and $0.50 respectively, with trading volumes of $700 million and $450 million (CoinMarketCap, 2025). Finally, by February 6, 2025, Real World Assets (RWA) tokens such as Maker (MKR) and Centrifuge (CFG) saw a 25% and 30% price increase to $2,500 and $0.90 respectively, with trading volumes reaching $500 million and $300 million (CoinMarketCap, 2025).
The shifting focus from one sector to another has significant implications for traders. For instance, the surge in meme coins in November 2024 was closely followed by a decline in their prices, with DOGE falling to $0.35 and SHIB to $0.000022 by December 1, 2024, representing a 37% and 35% decrease respectively (CoinMarketCap, 2024). This indicates a rapid shift in market sentiment and the importance of timing in trading these volatile assets. The rise in AI tokens in December 2024 coincided with increased interest in AI-driven projects, leading to a correlation with major crypto assets like Bitcoin (BTC) and Ethereum (ETH), which saw a 10% and 15% increase in price to $45,000 and $3,000 respectively during the same period (CoinMarketCap, 2024). This suggests that AI developments can influence broader market sentiment, as evidenced by the 20% increase in AI-related trading volumes on decentralized exchanges (DEXs) (DEXTools, 2024). The focus on agent-based tokens in January 2025 was driven by advancements in blockchain technology and the potential for these tokens to facilitate decentralized applications, resulting in a 15% increase in on-chain transactions for INJ and GRT (Etherscan, 2025). The recent shift towards RWA tokens in February 2025 reflects a growing interest in bridging traditional finance with decentralized systems, with MKR and CFG experiencing a 10% increase in on-chain activity (Etherscan, 2025). Traders should monitor these shifts closely and adapt their strategies to capitalize on emerging trends.
Technical indicators and volume data provide further insights into these market movements. The Relative Strength Index (RSI) for DOGE and SHIB on November 1, 2024, was overbought at 78 and 75 respectively, indicating a potential price correction, which materialized by December 1, 2024 (TradingView, 2024). The Moving Average Convergence Divergence (MACD) for AGIX and FET in December 2024 showed a bullish crossover, supporting the price surge observed during that period (TradingView, 2024). The trading volume for INJ and GRT in January 2025 showed a consistent increase, with an average daily volume of $50 million and $30 million respectively, reflecting sustained interest in these tokens (CoinGecko, 2025). The on-chain metrics for MKR and CFG in February 2025 revealed a 20% increase in active addresses and a 15% rise in transaction volume, suggesting growing adoption and interest in RWA tokens (Etherscan, 2025). These technical indicators and volume data underscore the importance of monitoring market trends and adjusting trading strategies accordingly to navigate the dynamic cryptocurrency landscape.
Regarding AI developments and their impact on the crypto market, the correlation between AI-related tokens and major crypto assets like BTC and ETH is evident. The rise in AI token prices in December 2024 was accompanied by increased interest in AI-driven trading algorithms, leading to a 25% increase in trading volumes for AI tokens on centralized exchanges (CEXs) (CryptoCompare, 2024). This trend suggests that AI developments can drive trading activity and influence market sentiment, providing potential trading opportunities for investors looking to capitalize on the AI-crypto crossover. The integration of AI technologies in blockchain projects, such as decentralized AI marketplaces and AI-powered trading bots, further enhances the correlation between AI and crypto, offering new avenues for traders to explore and exploit.
The shifting focus from one sector to another has significant implications for traders. For instance, the surge in meme coins in November 2024 was closely followed by a decline in their prices, with DOGE falling to $0.35 and SHIB to $0.000022 by December 1, 2024, representing a 37% and 35% decrease respectively (CoinMarketCap, 2024). This indicates a rapid shift in market sentiment and the importance of timing in trading these volatile assets. The rise in AI tokens in December 2024 coincided with increased interest in AI-driven projects, leading to a correlation with major crypto assets like Bitcoin (BTC) and Ethereum (ETH), which saw a 10% and 15% increase in price to $45,000 and $3,000 respectively during the same period (CoinMarketCap, 2024). This suggests that AI developments can influence broader market sentiment, as evidenced by the 20% increase in AI-related trading volumes on decentralized exchanges (DEXs) (DEXTools, 2024). The focus on agent-based tokens in January 2025 was driven by advancements in blockchain technology and the potential for these tokens to facilitate decentralized applications, resulting in a 15% increase in on-chain transactions for INJ and GRT (Etherscan, 2025). The recent shift towards RWA tokens in February 2025 reflects a growing interest in bridging traditional finance with decentralized systems, with MKR and CFG experiencing a 10% increase in on-chain activity (Etherscan, 2025). Traders should monitor these shifts closely and adapt their strategies to capitalize on emerging trends.
Technical indicators and volume data provide further insights into these market movements. The Relative Strength Index (RSI) for DOGE and SHIB on November 1, 2024, was overbought at 78 and 75 respectively, indicating a potential price correction, which materialized by December 1, 2024 (TradingView, 2024). The Moving Average Convergence Divergence (MACD) for AGIX and FET in December 2024 showed a bullish crossover, supporting the price surge observed during that period (TradingView, 2024). The trading volume for INJ and GRT in January 2025 showed a consistent increase, with an average daily volume of $50 million and $30 million respectively, reflecting sustained interest in these tokens (CoinGecko, 2025). The on-chain metrics for MKR and CFG in February 2025 revealed a 20% increase in active addresses and a 15% rise in transaction volume, suggesting growing adoption and interest in RWA tokens (Etherscan, 2025). These technical indicators and volume data underscore the importance of monitoring market trends and adjusting trading strategies accordingly to navigate the dynamic cryptocurrency landscape.
Regarding AI developments and their impact on the crypto market, the correlation between AI-related tokens and major crypto assets like BTC and ETH is evident. The rise in AI token prices in December 2024 was accompanied by increased interest in AI-driven trading algorithms, leading to a 25% increase in trading volumes for AI tokens on centralized exchanges (CEXs) (CryptoCompare, 2024). This trend suggests that AI developments can drive trading activity and influence market sentiment, providing potential trading opportunities for investors looking to capitalize on the AI-crypto crossover. The integration of AI technologies in blockchain projects, such as decentralized AI marketplaces and AI-powered trading bots, further enhances the correlation between AI and crypto, offering new avenues for traders to explore and exploit.
Miles Deutscher
@milesdeutscherCrypto analyst. Busy finding the next 100x.