The trading volume of BTC at the current high (above 100,000) is less than a third of the previous bull market peak, let alone the trading amount. In terms of market sentiment, if you don't look at the current price of Bitcoin, it definitely feels like a bear market. I don't believe that this position is the peak of a bull market; let me provide a perspective. BTC will pull back and then stabilize before the crazy altcoin surge begins—first AI, then DeFi, then meme coins, then GameFi and RWA, and finally the bankruptcy sector's doomsday war machines. After a surge, quickly sell and run away; the upcoming altcoin season will explode upright. Choosing good varieties will far exceed BTC's growth, and rationally utilizing capital to match the rotation market.
From the perspective of two bull markets, altcoins truly need to wait for Bitcoin to have a significant rise for over a month before they can show significant upward movement. Currently, it has been about two weeks since Bitcoin started to rise significantly. Analyzing the current situation, it may take at least another two weeks for altcoins to welcome a comprehensive phase of upward movement.
In fact, the comparison of market capitalization curves clearly shows that the true bull market for Bitcoin often does not synchronize with altcoin bulls. When there is better synchronization, it indicates that the bull market has not ended, or it has already started. Looking back, the market movements of Bitcoin and altcoins were so synchronized at the beginning of this year, indicating that it was not the true beginning of the big bull market. Currently, Bitcoin has started a two-week independent trend, which suggests that a large altcoin market may arrive in the coming weeks.
Bitcoin is about to explode to $150,000 in May! Bottom fishing for three major altcoins offers a chance for 100x surges!
LINK
LINK is a coin that thrives on the rise of DeFi and almost monopolizes the oracle market. It could surpass the market cap of UNI because it is genuinely useful and will continue to grow. The on-chain lending transactions and data usage could reach a scale of $10 trillion in the future. Currently, the entire market is only $1 trillion. Given these conditions, how much can LINK rise in this bull market? I personally believe it can rise at least 5 times.
EIGEN
Eigenlayer has become the third-largest TVL (Total Value Locked) protocol, with a total locked amount of $10 billion, almost close to AAVE's $11 billion. Nevertheless, AAVE's market cap is still double that of EIGEN. However, if adjusted for TVL, AAVE is actually half the price of EIGEN. Therefore, from the on-chain data and the fundamentals of the project, EIGEN's price is clearly undervalued at present.
BIO
Currently, it seems there is no problem. Although the life sciences track is highly hyped, BIO has dropped too much from its high and will eventually rebound. A few days ago, everyone was bearish on altcoins. I suggested a strategy for people to bottom fish some altcoins, which was quite stressful. The strategy I see today is fine, and the directional judgment is basically correct. BSC did not rise much in the last wave of the market, but I think this wave should perform well.
