Over time, all crypto markets are trending toward one inevitable reality: they're becoming increasingly dominated by speculators. Whether we're talking about altcoins or even major assets, the pattern holds. As institutional money seeks quick gains and retail traders pile in during each cycle, the fundamentals take a backseat. Price action, sentiment, and narrative become the true drivers. The more liquid a market gets, the easier it moves—and the easier it moves, the more speculation thrives. Eventually, you're left with a system where technicals matter more than tokenomics, where hype cycles replace real adoption metrics. It's not necessarily good or bad; it's just the nature of how markets evolve when they reach a certain scale. The speculators don't disappear—they multiply.