The CMC Altcoin Season Index just touched its yearly high. Everyone is asking which alts to buy. The smarter question is which alts were still up by Q2 2022 after the 2021 altseason peak. That list is exactly six coins long. 👇 Here is what separated those six from the thousands that lost 90 to 99% and never recovered. $BTC Every altcoin that survived 2022 with meaningful value intact had at least one of three properties. Real protocol revenue that did not depend on token price appreciation to function. Institutional ownership that created a price floor independent of retail sentiment. Or a use case embedded in infrastructure that other protocols needed regardless of market conditions. ETH had staking yield and was the settlement layer for every DeFi protocol that mattered. Nothing replaced it. XRP had Ripple's cross-border payment partnerships generating fiat revenue regardless of crypto markets. SOL had a developer ecosystem that kept building through the bear. The alts that collapsed had none of those three. They had narratives, communities, and momentum. All three evaporate simultaneously when sentiment flips. The yearly high on the index right now means capital is rotating into alts broadly. Broad rotation lifts everything temporarily. The Q4 2021 index also hit its yearly high. By Q2 2022, 95% of those alts had lost more than 90%. Holding until 2027 requires owning the six not the thousands. Which property matters most to you right now: revenue, institutional floor, or infrastructure dependency? 👇 #BTC Price Analysis# #Altcoin Season# #Meme Alpha# $ZRO $RAY