Trader Eugene: The crypto reserve craze is the last chance for a large-scale altcoin bull market, currently near the top but not over yet
BlockBeats News, August 4th, trader Eugene Ng Ah Sio posted on his personal channel, talking about his views on the DAT (Decentralized Asset Trusts) craze. He said that he is cautiously optimistic, and feels that this wave of enthusiasm is coming to an end, but it is not over yet. He thinks this may be the last chance for altcoins to usher in a large-scale bull market with global capital.
It is now clear that most capital either doesn't have the ability or is unwilling to directly buy tokens into the cryptocurrency field. The current DAT is like a "substitute" for the altcoin ETF (although not the optimal solution, it is quite similar). Currently, I haven't seen DAT really bring a large amount of money into a certain altcoin, but Eugene Ng Ah Sio believes that given the enthusiasm of traditional finance for Ethereum, this possibility is still very high. In theory, these capital inflows will make other crypto-native projects less attractive, but the market doesn't seem to pay much attention to this. Although he thinks DAT may be nearing the top, the craziest thing is probably yet to come.
