🔥 ALTCOINS SEASON: $ETH TO $4,000 IS HAPPENING 🚀
Ethereum is building momentum to lead the next altcoin run after a sharp pump from $3,000 to $3700 range with a market capitalization of over $400 billion.
$ETH often leads altcoin seasons due to its dominant position in the crypto ecosystem. Here's why:
• Market Influence: Ethereum is the second largest cryptocurrency by market capitalization after $BTC , with significant liquidity and investor attention. Its price movements often set the tone for other altcoins. We haven't experienced any alt seasons not trigger by ETH in crypto history.
• Speculative Momentum: Being the second largest crypto comes with its own advantages, Investors often rotate profits from Bitcoin into Ethereum during bull runs, and Ethereum’s gains then spill over to other altcoins which in return create hypes and confidence in the market.
• Smart Contract Platform: Ethereum pioneered smart contracts, powering several decentralized applications (dApps), DeFi, NFTs, and more. These sectors drive altcoin innovation, and when Eth rallies, it fuels interest in other related tokens.
We can see all these playing out now, hope you're prepared for another big altcoins rally?
NB: Crypto investment is risky, do your own research before engaging.
