The Differentiation of Altcoins Intensifies: Is it a Catch-up Rally or an Independent Narrative?
Compared to Bitcoin's overwhelming strength, the altcoin market shows significant differentiation. Most altcoins are still in a follow-up state, lacking independent market support.
This "passive rise" reflects two realities:
1. Market funds are still concentrated in the main battlefield of Bitcoin;
2. Innovative narratives are in transition, and no phenomenal applications have emerged to ignite demand.
However, undercurrents are stirring. The current restlessness in the altcoin market is essentially smart money positioning itself in advance: betting on breakthroughs in established projects (such as the implementation of Layer 2 solutions), speculating on the explosive growth of emerging sectors (such as RWA, DePIN), or making high-stakes bets on the next wave of MEME culture frenzy.
