Altcoin season is about to arrive 🚀🚀🚀
Currently, all sectors have rebounded, and we are just waiting for market signals to start a new round of performances. So when the next round of market starts, will the strong coins continue to consolidate and remain strong?
This round of market in 2023 began with Ethereum's rise due to the Shanghai upgrade, followed by Bitcoin taking over. The performance of altcoins is as follows. The first is the staking sector: ldo, ssv, fxs, fis, rpl, ankr. In the first round, the strongest performers were Ldo and ssv.
Next is the AI sector, which is strong. AI includes ark, fet, tao, phb, nmr. The strongest coins in the first round were agix and phb.
Layer 2 sector: op, lrc, celr, the most significant is op, followed by the metaverse with sand, mana, alice, etc. The strongest performers in the first round were sand and mana.
Next is blockchain gaming: ape, gmt, gala, loka, axs, ygg, volex. The ones that impressed me the most were gala and loka, followed by the VR rendering concept, rndr, and high appearing before our eyes. These two are also the strongest. However, the Vricon concept has also just emerged.
Finally, there are other sectors, such as wallet coins: sfp, c98, twt, with the most impressive being sfp. There’s also the storage sector: fil, ar, blz, storj, with blz being the most notable for its explosive rise in one day. Lastly, there’s the doomsday series: ustc, anc, lunc, with ustc being the most notable.
Let’s talk about public chains: apt, ftm, sui, avax. The most memorable is the new public chain apt and the returning ac ftm. Basically, all altcoin sectors have performed once, especially with outstanding performances. Except for DeFi and Web3, which performed mediocrely. Especially in the DeFi sector, only Aave is doing relatively well. As for inscriptions, I won't say much about this; they come quickly and go quickly, with some becoming wealthy and others being deeply trapped.
Currently, Bitcoin accounts for 60% of the total cryptocurrency market value, which is a two-year high. So if Bitcoin can hold its position, altcoins will catch up. If BTC consolidates or slightly declines, maintaining a fluctuating situation, altcoins represented by ETH will charge ahead. This is a style switch, and the rhythm of altcoin season is coming; maintain patience.
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