Bitcoin has only dropped a few points, but today altcoins are plummeting
The era of altcoin season is long gone. A noticeable change in the current market is that Wall Street is increasingly able to dominate the market, with more and more companies going public in the US stock market, imitating MicroStrategy's model, which is more prosperous than issuing altcoins.
The ETH version of MicroStrategy led by the parent company of Little Fox and SOL MicroStrategy are the frontrunners.
If Binance US goes public with a BNB MicroStrategy? Sun Yuchen is getting close to Trump; TRON MicroStrategy?
Under Trump's new policies, cryptocurrency companies are going public in large numbers. Besides their own businesses, they will also adopt a MicroStrategy model to accumulate coins. Large companies in the Ethereum ecosystem/Solana ecosystem are going public and then continue to accumulate coins.
Apart from Bitcoin, the only fundamentals worth looking at are ETH, SOL, and BNB; the rest can only be traded in short bursts.