In 2021, altcoins achieved tremendous profits, yet they fell short during this cycle. They have not surpassed ATH levels, contrary to expectations often met in previous cycles. Merchants who anticipated peak profits during rising periods were met with disappointment, as their historical preparation for the future failed in this instance. This week, Arthur Hayes brought attention to this very issue.
Profiting in the Crypto World
Every cycle tells a different story. DeFi seasons, Layer 2 hype, metaverse, AI tokens, and memecoins are just a few examples. Sometimes, an entire cycle revolves around a single category, or several categories might experience temporary hype like in 2021. The current cycle in cryptocurrencies presents a distinctly different scenario.
Arthur Hayes, the co-founder of BitMEX, believes that adapting to changing conditions is the only way investors can achieve profits.
“Altcoin season always continues… and if you often find yourself saying there is no altcoin season, it’s because you don’t possess those rising assets. You wanted it to be like the last altcoin season, as you were sure of what needed to be done according to the conditions of that time.”
They say: Oh, I should buy these because they rose last season.
This is a new season; new things are rising.”
Hayes’s strategy means investing in assets that rise according to changing market conditions, or maintaining dynamic portfolios. Traditional investors, on the other hand, prefer holding a few altcoins for years, hoping for greater ATH levels.
Top Pick: HYPE Coin
Hayes describes Hyperliquid as the standout of the current cycle. Despite weaknesses in other cryptocurrencies, this new-generation DEX story continues to draw volume, contributing to protocol earnings. Investors recall that HYPE Coin surged from $2-3 to $60, viewing the altcoin season as ongoing rather than in the past.
Highlighting Solana (SOL) as another example, Hayes noted how its price approached $7 after the FTX crash, later surpassing $300.
“Altcoin season indeed occurred again, but you stayed uninvolved and missed out.”
As this article was prepared, Bitcoin 
$77,560 was trying to hold on to the $88,000 mark, while altcoins remained in the red zone.
