Summary
- Bitget's Chief Operating Officer said altcoin season is unlikely to come.
- He stated there is no logical basis for the phenomenon of prices rising without any special technical progress or new achievements.
- Ushi Zade said a large surge is difficult to expect.
An executive of cryptocurrency exchange Bitget predicted that the altcoin season expected by the market will be difficult to come.
On the 2nd (local time), according to Cointelegraph, Bugar Ushi Zade, Bitget's Chief Operating Officer (COO), said at the Token2049 conference held in Singapore, "I don't think an alt season is coming," adding, "The phenomenon of all assets simply rising because it's an alt season will no longer occur."
Ushi Zade pointed out, "There is no logical basis for prices to rise simply for timing reasons when there has been no technical progress or new achievements in projects." He added, "It is difficult to expect a large surge."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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