The market continues to release signs of recovery, is the altcoin mini-season coming?
Yesterday we mentioned that the market has started to show some signs of warming up, especially in the Asian market after the US market stabilized, the sentiment has significantly improved. This warming trend is becoming more apparent, and the market seems to be preparing for a potential rebound.
Yesterday we discussed how the release of the Federal Reserve meeting minutes has eased the market's concerns. The minutes mentioned that the Federal Reserve might pause or reduce its balance sheet reduction plan due to the debt ceiling issue. This news directly alleviated the market's worries about liquidity tightening and led investors to reassess risks. Although the balance sheet reduction has not completely stopped, it at least provided the market with some breathing room. Coupled with TGA's liquidity support, market confidence is gradually recovering.
Currently, some altcoins have begun to show upward momentum, such as SEI, MKR, TAO, BNX, PYTH, etc. Especially DeFi and re-staking type projects have performed particularly well, such as CAKE, MKR, LISTA, EIGEN, etc. These low market cap, well-performing coins can be prioritized for attention and additional positions can be added once market stability is confirmed.
