Altcoins are booming, but can the altcoins you hold recover your investment?
On May 8th, BTC led a breakthrough back above the $100,000 mark, while ETH surged over 20% in a single day, returning to the $2,000 range. Subsequently, ETH entered a frenzy, leading all altcoin followers to jump around wildly!
To be honest, many altcoins have risen from the bottom of BTC 74,500 and ETH 1,385 to at least 70-80%, with countless altcoins doubling in value, especially in the Meme sector, which has surged 3-4 times. However, compared to the declines since BTC 109,588 and ETH 4,107, ETH has risen by 60%, and BTC is about to break its historical high. But what about the altcoins?
Aside from a few leading altcoins, many others are still several times away from their previous peaks!
Everyone is saying that the altcoin season has arrived, and indeed, altcoins will be one of the sectors with the largest gains in a bull market. However, some high-priced altcoins may never return in this lifetime. Many people think that altcoins will rise significantly and make a lot of money, but they fail to realize that once the market takes a dive, altcoins will fall from a great height. To put it bluntly, if you want to get rich in altcoins, you might as well take a gamble on a layer-one chain. Otherwise, it's better to invest in some mainstream or leading altcoins, such as those held by Grayscale or the tokens held by Trump's WLFi team!
I will share the altcoins I have positioned myself in. My focus is on supporting Trump, so I hold tokens that are part of the WLFi team's portfolio, such as Link, ONDO, and AAVE! As for the ENA coin, it's something that even dogs won't touch. I also hold Grayscale's LDO and some others in BNB and SOL since I am a layer-one player, a small helper in boosting the chain!
The altcoin season and bull market have arrived, seize the opportunity! After August, the market will become increasingly difficult to navigate. There should be a wave of liquidity in June and July, pushing towards 11,047,271,523.