Every time the altcoin market takes off, it follows the same pattern. Not because the market has formed some consensus, but because a few keen investors are the first to spot the opportunity, followed by a rush of followers. The price keeps climbing, and retail investors who have been watching from the sidelines start to feel uneasy—the fear of missing out (FOMO) reaches its peak, and the emotional frenzy completely takes over, ultimately ending with a wave of collective madness as the conclusion of this cycle.

To put it simply, the altcoin season has never been driven by fundamentals or consensus. It relies on information asymmetry, psychological games, and the insatiable human greed. Early entrants profit handsomely, latecomers face the risk of buying the top, and those who hesitate often become the last bagholders. This game plays out in every cycle, and the pattern has never changed.