Why 🧧 Ethereum ecosystem altcoins are experiencing a general rise 🧧
The general rise of Ethereum ecosystem altcoins (typically referring to ERC-20 tokens other than ETH) is usually not caused by a single reason but is driven by a combination of multiple factors.
Here are several core reasons that often act simultaneously to form a market synergy:
1. The guiding role of Bitcoin and Ethereum (the transmission of broad market Beta trends)
The cryptocurrency market has a high degree of interconnectedness, with Bitcoin (BTC) being the absolute leader and barometer.
· BTC rises driving ETH: When Bitcoin rises due to reasons such as ETF approvals, halving expectations, and macro environments (like interest rate cut expectations), it brings tremendous attention and capital inflow to the entire cryptocurrency market.
