What is the reason that altcoins are not taking off?
I have also carefully analyzed a lot of information regarding news, funding, and technical aspects, sharing it with everyone.
Firstly, the entry of Wall Street capital, as one of the oldest capitals in world history, every action they take influences the direction of global finance. Wherever they go, there is bound to be wailing. The trends after 2024 can be said to subvert the understanding of those trading cryptocurrencies, which aligns with this point.
Secondly, the value of Bitcoin is being redefined. Before 2024, Bitcoin belonged to a bubble economy, but with the implementation of ETFs and the strong backing of Trump's administration, the essence of Bitcoin has transformed into an asset. This has turned Bitcoin from a niche market into the world's focus: digital gold.
Thirdly, stable return rates. Bitcoin can be said to be the only cryptocurrency that has continuously made stable profits since its inception. Time and again, black swan events and crashes have occurred, yet we now see Bitcoin at $110,000, validating its reliability, which aligns with people's definitions of wealth.
Fourthly, the Bitcoin bull market is still ongoing. If you haven't gotten in at $50,000 Bitcoin, and you're hesitating at $70,000, while the market is already shouting that $100,000 Bitcoin is just the beginning, Bitcoin has directly reached $110,000 after all this waiting.
In contrast, altcoins are still stagnating, making many who seek stability and are utterly disappointed with altcoins see the truth of the market: only Bitcoin will truly continue to rise; other coins are merely passersby. The more you persist, the more you lose. Although these points alone do not explain why altcoins are not taking off, they indirectly reflect one thing: playing altcoins well is an extremely difficult task.