Andrei Grachev, the head of the cryptocurrency market-making company DWF Labs, has assessed the altcoin season in his statement.
Andrei Grachev, the founder of DWF Labs, a cryptocurrency market-making company, mentioned speculations about the altcoin season in his statement.
Grachev said that after the recent significant price increase of Bitcoin, some market participants think that this time is different and altcoins won’t have any changes.
These participants believe that the money flowing into the cryptocurrency market will shift to Bitcoin instead of altcoins.
Grachev argues that this thinking is a mistake and he believes it is completely wrong. He declares that there are many good altcoins in the market that are priced significantly lower than their value, but he does not mention a specific altcoin.
However, Grachev says that those who think they missed out on opportunities in recent price increases should not worry and the altcoin season has not yet begun.
DWF Labs, led by Grachev, is known as a relatively new market-making company and has been accused of market manipulation. However, Grachev vehemently denies these accusations in his previous statements.
