《Will Binance be the leader of the altcoin season?》
When the "altcoin demise theory" was at its hottest last week, I put forward two points of view:
1. There is room for altcoins to exist, because retail investors are gambling, and it is unrealistic to expect long-term returns by letting them all buy $BTC.
2. BN should work hard to repair and try to lead the market sentiment, similar to the invention of IEO in 2019, leading the sentiment from the bear market to the bull market.
Only in this gap over the weekend, Binance tried its hand by opening several small-cap token contracts, and several altcoins took the lead. Immediately, the altcoins that wanted to make trouble on Binance began to take off. The market sentiment is obviously much more positive, and various teachers who lead orders have started to come out again.
It is still early for the altcoins to fully recover, but at least it proves that my two points of view are correct. After the start of the US stock market on Monday, the external environment factors will increase. Whether BTC can stabilize or even break through 60,000 is the factor affecting whether Binance altcoins can continue to rise.
Remember: Although the cryptocurrency world has begun the "urbanization process" and big coins like $BTC $ETH are gradually being recruited by mainstream finance, the Wild West is still the most attractive area for most cryptocurrency users.