The breakthrough of altcoins #山寨币突破 may be the result of multiple factors working together. On one hand, the US spot Bitcoin and Ethereum ETFs provide a compliant entry point for institutional funds, and some of this capital may spill over into altcoins. On the other hand, advancements in Layer 2 solutions, as well as the integration of artificial intelligence with blockchain and the development of tokenization of real-world assets, bring new value narratives and application prospects for altcoins.