Trade Wars and Meme Coins | Alt Season on Hold?
Edited By
Chloe Dubois
The crypto markets are feeling the heat as altcoins struggle to gain traction amid a chaotic backdrop of trade wars and an influx of meme coins. Influencer Ash Crypto highlighted two key forces holding back an anticipated alt season, prompting discussions across forums.
Chaos in the Market
The last bull cycle saw Bitcoin dominate, leaving ETH and many altcoins behind. "Alt season has been derailed," remarked one commenter, emphasizing the sharp drop in altcoin prices.
Trump's recent tariffs caused significant market fluctuations, with total market cap dipping by trillions, striking a blow to altcoins, which were hit hardest. Ash noted how predictable this downturn seemed, given ongoing discussions about tariffs leading up to this point.
"The tariffs tanked the market," Ash tweeted, pointing to the panic selling that followed.
A user echoed this sentiment, stating, "Some alts probably never will recover."
Meme Coins Take Center Stage
Even worse, the rise of what Ash dubbed "dogshit meme coins" has overshadowed projects with real utility. Instead of focusing on valuable assets, investors are drawn to trends, leading to frustration among serious investors. One commenter noted, "Utility got overshadowed by memes, but ETH and LINK will print this year."
Is There Any Hope?
Despite the disappointing news, Ash remains optimistic. He believes that the altcoins that withstand this turbulent period could see significant gains by the year's end. Some users echoed this, saying the real value in coins like ETH and LINK will eventually shine through.
Key Insights
🚫 Meme coins are diverting attention from utility-based projects.
📉 Trade wars have caused a market cap drop of trillions.
💰 "Alts that survive could explode by the end of this year" - Ash Crypto.
As the market continues to grapple with these challenges, one has to wonder—will the potential for an alt season return or have the meme trends taken permanent hold?
Stay tuned as the situation unfolds.