#AltcoinBreakout
Bitcoin’s Performance: Altcoin rallies often follow Bitcoin bull runs, as Bitcoin’s price appreciation creates confidence in the broader crypto market.
Market Sentiment:FOMO (Fear of Missing Out) drives retail investors to buy altcoins.
Positive news, such as regulatory clarity, institutional adoption, or technological advancements, boosts confidence.
Innovation and Hype:New altcoin projects with unique use cases (e.g., DeFi, NFTs, Layer-2 solutions) attract attention.
Token airdrops, staking rewards, or yield farming incentivize participation.