The Essence of the Plunge in Altcoins
For the past few decades, under the petrodollar system, the US dollar has been the pricing anchor for global energy trading. As a result, Bitcoin, this digital gold, has carved out a new path within the energy currency system, giving a strong lifeline to the dollar!
When the US dollar is simultaneously tied to both traditional energy and blockchain computing power as underlying assets, its hegemonic position becomes even more stable. Why has the recent Federal Reserve interest rate hike cycle been so confident? To some extent, the crypto market has indeed absorbed part of the dollar liquidity as a reservoir.
The result is that the dollar index strengthens, creating positive feedback, and the repatriation of dollars from overseas accelerates. At this time, the hot money in the market withdraws completely, and the first to collapse will definitely be those small-cap altcoins, which have small market sizes and large fluctuations. When the returns on dollar assets are stable, which institution would stake real money on these high-risk assets!
In simple terms, the current funding logic is very realistic: since holding coins to earn interest can yield passive income, why bother surfing the altcoin market!
In this situation, choosing a good IP is especially important.
Trump Concept Meme Coin -- $CONAN (Last digits: xBQt) officially launches on the Solana chain! And it is driven by the very strong Marvin community of Ethereum.
CONAN is the only dog in history to be awarded the "Presidential Hero Medal" and has made outstanding contributions during special operations, and was also received by Trump at the White House.
