Hyblock CEO Says Alt Season Isn't Coming Back, Dismisses $1 DOGE and $5 XRP
Alt season is not coming back, according to Shubh Varma, CEO of Hyblock Capital. He threw cold water on sky-high targets like $1 DOGE and $5 XRP, pointing to 'so much other demand.' The comments, shared by CoinDesk, suggest altcoin investors shouldn't hold their breath for a repeat of past cycles.
Shubh Varma, CEO of Hyblock Capital, has a blunt message for altcoin dreamers: don't count on it. In a post shared by CoinDesk on X, Varma said alt season isn't coming back. He specifically called out lofty price targets like $1 for Dogecoin and $5 for XRP.
Alt season refers to periods when alternative cryptocurrencies outperform Bitcoin, often sparking parabolic rallies. Traders have long hoped for a repeat of 2017 or 2021, when coins like DOGE and XRP saw explosive gains. But Varma isn't buying it.
His reasoning? 'There's so much other demand,' he said, suggesting capital is flowing elsewhere. He didn't elaborate on what that demand is, but his comment implies altcoins are no longer the main attraction.
The comments add to a growing debate about whether the crypto market's dynamics have permanently shifted. For now, Varma's view stands as a blunt warning to anyone betting on $1 DOGE or $5 XRP. The remarks were reported by CoinDesk on X.
TopicsShubh Varma · Hyblock Capital · Dogecoin · XRP · CoinDesk
Source: x.com
Written by Paparazzi with AI. Not financial advice.