Abed Hardcastle
98 posts

Abed Hardcastle
@AbedHrdcstle
London based entrepreneur
London Katılım Ekim 2012
484 Takip Edilen5.8K Takipçiler

I wanted to share some thoughts on the market.
Altcoins have been in a bear market since late 2021 / early 2022. The top for BTC in this cycle was ~$69,000, and many altcoins peaked around that time.
2022: Sharp decline across all alts. The Terra/Luna collapse in May and the FTX collapse in November accelerated the downturn.
2023: BTC and ETH began recovering somewhat, but alts remained mostly flat or weak.
2024–2025: More institutional involvement, primarily in majors like BTC and ETH. ETF approvals helped bring new capital in, but we didn’t see the typical capital downflow into alts like in previous cycles. This is largely due to institutional money flowing through ETFs and staying in large caps. Most alts are still down 70–99% from their all-time highs.
The Future of Alts
Most altcoins outside the top 200 are extremely illiquid, small buys or sells can move the price massively. With thousands of new tokens launching daily, liquidity is thin and attention is fragmented.
Retail is still missing. The market has matured beyond the “hype meta” of 2017 and 2021, where speculation alone drove price. Today, people only buy alts with clear utility ,tokens that offer real functionality or enable revenue generation. Most still don’t.
Will we ever get another “alt season”?
Personally, I don’t think we’ll see anything on the scale of 2017 or 2021 again. The game has changed.
That said, some alts will still perform, especially:
- Projects with legit business models
- Tokens with strong revenue-to-token connections
- Teams that adapt or pivot to improved use cases not ones that are smoke and mirrors.
Narratives will always play a role, but execution and token design are what will separate the noise from real value going forward.
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The market has been tough for most altcoins, and honestly, my portfolio has taken a hit. Here’s my take on the current state of things:
◾️We’re not in a “holders’ market” right now. People are chasing shiny new tokens, regardless of their actual use case, trying to flip for quick profits.
◾️This explains the rise of meme coins this cycle—nobody’s looking to “invest”; it’s all about high-risk, short-term trades.
◾️Over 5,000 tokens are created daily, most of them geared toward the get-rich-quick crowd. The reality is that most people lose money, and only a few win big. It’s a casino mentality. Liquidity is being spread thinner than ever.
◾️Many meme coins have crashed once momentum faded—look at Chillguy, for example, as people jump ship to the next trend.
◾️Right now, the only way a utility project can succeed is by driving real demand for its token through true utility, not speculative hype. Just look at what $VIRTUAL has done.
The market’s direction right now seems more like a “casino” than a place for investment, but that’s the nature of these cycles.
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Ape Terminal x XCAD --
Creator Drop #1
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Sale Concept
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→ apeterminal.io/project/rezend…
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@Oly245 @XcademyOfficial #xcad $xcad How is it that almost 50% of your core team, the CTO, the head of Marketing and Business development are completely invisible? Do these people even exist?
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Had a great time in the Netherlands watching the F1! 🇳🇱
Big thanks to @okx for hosting me! 🏎️



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@Oly245 Undoubtedly one of the hardest working CEO's in this space 🫡
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Make sure you join me for an KuCoin XCAD AMA as well as a 1225 XCAD Giveaway!
Starting at 12:00 UTC - In 10 minutes! ⏰
t.me/Kucoin_Exchange
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Abed Hardcastle retweetledi

Join the KuCoin AMA With @XcademyOfficial, 1,225 XCAD to Give Away!
⏰ Date: 12:00 PM on March 13, 2024 (UTC)
📍 AMA Venue: t.me/Kucoin_Exchange
💰 Total Rewards: 1,225 XCAD
Read More: t.me/Kucoin_News/22…
📢Join the Pre-AMA Activity now 👇
#KuCoinAMA
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