As long as Ethereum rises, there will be good market conditions for altcoins.
For example, since April, Ethereum has risen from $1,500 to $2,700, and many altcoins have doubled during this period.
This indicates that the market is not completely without opportunities; it’s just that it’s not like before when you could make money by buying with your eyes closed. Now, to make money, you need to be selective and focus on those popular sectors that have financial backing, just like when people go to the market to buy vegetables, they will choose fresh and lively ones; even if the wilted ones are cheaper, they can’t be taken.
In short, I still personally believe that the altcoin season will come, but we need to patiently wait for the US dollar index to truly turn down and for Ethereum to regain its strength. At that time, funds will come in like a floodgate opening, and good projects will naturally be propelled to great heights. What we need to do now is to prepare our ammunition, keep an eye on a few key indicators, and not lose our chips before dawn.
