Bitcoin Soars, Altcoins Remain Still? The Truth is Too Heartbreaking!
Bitcoin hits a new high, the market is boiling, but altcoins remain stagnant. The reasons behind this are not just one:
Funds are pouring into BTC
Investors are flocking to Bitcoin, leading to its dominance skyrocketing, while altcoins are naturally marginalized.
Too many projects, attention too scattered
Altcoins are clustered together, with repetitive functions and a lack of uniqueness, making it difficult to concentrate capital for a boost.
Ethereum is underperforming, making it harder for other coins to rise
ETH's performance against BTC is still weak. Historical patterns show that altcoins can only take off collectively when Ethereum is leading.
Altcoins always start a step late
Altcoin rebounds usually occur when Bitcoin's upward momentum slows down or stabilizes. Right now, BTC is the center of attention, and altcoins are still waiting for their rotation opportunity.
Summary: Altcoins haven't moved yet, but opportunities may be brewing. Don't rush; what is meant to come will eventually arrive.