Currently, altcoins are generally weak, even though leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) continue to reach new highs, this has little to do with most retail holders of altcoins. More critically, altcoins have long been in a phase of consolidation, gradual decline, or chaotic fluctuations known as 'garbage time', constantly wearing down retail investors' patience. Many have begun to doubt the opportunities of altcoins, leading to hasty sell-offs at any sign of a rebound, which further increases the difficulty of launching altcoins.
Additionally, from a market support perspective, project teams have limited funds, and in recent years, new projects have emerged one after another. Wise project teams will choose to make a 'final push' when the overall market warms up and popularity gathers, attracting attention through strong price increases, rather than prematurely consuming precious funds against the trend. This results in altcoins fluctuating back and forth without significant improvement.
Next, focus on altcoins that are strongly associated with the ETH ecosystem:
Staking service sector: such as LDO, RPL, etc. Before the favorable outcomes related to ETH staking ETFs materialize, this sector is still expected to see repeated speculation; pay attention to any pullbacks.
DeFi and RWA sectors: These areas have clear narratives and are easy to speculate on. Pay particular attention to those leading projects that have survived from the last cycle, as they have proven their resilience and market consensus. After a long period of consolidation, the selling pressure above is lighter, which is more conducive to subsequent price increases.
