Bitget exec sees ‘no logical reason’ for an altcoin season this cycle

A broad altcoin rally is unlikely, as crypto projects haven’t generated enough excitement to stir traders into action, Bitget operating chief Vugar Usi Zade tells Cointelegraph.

The crypto markets are unlikely to see an altcoin season where “everything will go up,” as many traders are now focused on narrower trends or are just focusing solely on Bitcoin, according to Bitget operating chief Vugar Usi Zade.

“I don’t think there will be an altseason,” Usi Zade told Cointelegraph at the Token2049 conference in Singapore on Wednesday.

“I don’t think we will see that huge pump, unfortunately, because there’s no logical reason behind it,” he added.

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