Key indicators for the rise of altcoins this year!
Can the madness of all coins skyrocketing 100 times in 2021 be replicated?
Firstly, by the end of this year, Bitcoin is very likely to aim for $250,000!
Only if Bitcoin breaks through $110,000, continues to expand, and stabilizes in the $150,000 - $200,000 range, will it possibly 'release the floodgates' for altcoin markets.
From a timeline perspective, this summer or early in the third quarter, we may very well witness the spring of altcoins.
The kind of madness where all coins surged 100 times in 2021 is unlikely to return; the market is constantly changing, and new narrative hotspots will emerge in the future. Some altcoins may experience explosive growth.
However, those long-stagnant 'dinosaur coins' are likely to remain dormant. After all, many projects suffer from inflated valuations and low circulation.
Moreover, lacking real users and revenue, they previously relied entirely on being listed on exchanges for hype, and now their prices have dropped 95%. It's hard to expect outstanding performance in the next cycle.
Although Ethereum is currently facing heavy criticism, the data doesn't lie. It has the highest amount of on-chain locked assets, the largest developer community, and remains the safest PoS blockchain. While its price performance hasn't been impressive in recent years, the long-term growth potential is still significant!
Solana has indeed shown remarkable performance, but if we were to invest with fiat now for the next round, Ethereum's gains may very well surpass Solana's during the upcoming bull market in the next 18 - 24 months.
Macroeconomic policies have seen a significant shift in attitude towards cryptocurrencies since Trump took office, introducing a series of supportive policies, establishing a Bitcoin and cryptocurrency presidential advisory council, recognizing Bitcoin's value, and aiming to create a strong Bitcoin mining nation.
Once these policies are gradually implemented, they will inject strong confidence into the market, providing a policy foundation for the altcoin season.
As Bitcoin stabilizes at high levels and continues to rise, attracting a large influx of off-market funds, these funds will seek more investment opportunities, making altcoins the new target for capital.
The dawn of the market is about to arrive; don't stumble just before success!
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