The overall market is declining, but most altcoins are performing strongly without continuing to drop. Today, I want to discuss the situation of altcoins with you all.
Since this round began, the profit-making effect of altcoins has been deteriorating. The days of hot spots clustering and surging, where you could make money just by catching the wave, are basically gone. Now, it feels like you have to lay low and prepare in advance; otherwise, if you chase after a hot spot when it rises, you are likely to end up as a bag holder.
Thinking about it, this is actually normal. The market has a limited amount of capital, and when the overall market is weak, funds can only selectively play with hot spots. When there are too many hot spots, it easily becomes chaotic. A phased eruption may sound exciting, but in reality, catching the rhythm tests both vision and patience. Recently, some altcoins suddenly surged, but looking back, either it was the early investors cashing out on retail investors, or retail investors followed too late and ended up making little profit. Viewed this way, doesn't the current altcoin market feel a bit like 'making small profits relies on luck, while big gains rely on insider information'?
Although altcoins have shown strong prices recently, it doesn't mean they have developed independently; it only indicates a trend of liquidity shifting within the market. However, under the current circumstances, it is difficult for altcoins to see significant increases.
The expectation is that in May and June, once the negative factors are digested, the anticipation of interest rate cuts, the reserves of various continents, and favorable ETH staking will lead to a resurgence in market liquidity, marking the moment for altcoins to start moving. Be patient; if you endure, you will see the clouds part and the moon shine.