The trend of altcoins is essentially — a game of passing the parcel.
The sharper the price rises, the more it ultimately falls.
The Ethereum (ETH/BTC) exchange rate has stabilized recently, currently above 0.019, and the price of ETH has also stabilized at $1800.
In the short term, there are two positive expectations:
On May 7th, Ethereum will undergo the "Pectra" upgrade.
The staking version of the Ethereum ETF is also in progress, with Grayscale urging the SEC to approve over the weekend. They have lost $61 million due to the delay in launching the staking ETF, indicating that institutions are also quite anxious.
In the long term, Ethereum has a significant upgrade called "RISC-V," which can greatly enhance the performance of the main chain, allowing it to compete head-on with new public chains like SOL and SUI. The founder of ZKSync also mentioned that this will help Ethereum regain its status as the "world computer."
Regarding other altcoins:
The privacy coin XMR has recently surged nearly 40%, rumored to be due to 3,250 bitcoins being stolen, with hackers using XMR for laundering.
In terms of sectors, the trends for Meme #AI #DeFi #ETF related tracks are all strong.
Meme sector: $Fartcoin, $Bonk, and $Pengu have all skyrocketed, each surpassing a market cap of $1 billion. Along with $Trump, there are continuous large holders competing for rankings; these four have already become the top four memes on the Solana chain.
AI sector: $TAO has returned to an FDV of $8 billion, while $Virtual, $ARC, $AI16z, and $VVV have averaged over 50% gains in the past few days. The new project Babble_OS is also quite popular.
DeFi and public chain sectors: $FIS, $RAY, $LAYER, $SEI, $HBAR, and $ALGO are all showing strong trends. This year, altcoins that have applied for ETFs are worth paying special attention to.
Such strategies and public layouts, if not kept up with, are destined to result in a lifetime of being poor.
