After March 2024, there will be no narrative for altcoins in the crypto space;
In the first half, the main storyline revolves around Bitcoin, while in specific conditions (liquidity tightening), the middle altcoin (Sui) speculates and opens branch casinos;
Now in the second half, the main storyline is Ethereum, and I haven’t seen any other native narratives in the crypto space; since I haven’t seen any native narratives in the crypto space, all the altcoins, including those that are smaller than Ethereum, are merely following emotions;
The past logic was: Bitcoin overflowed into Ethereum, Ethereum overflowed into altcoins, with ten thousand coins taking off, creating a tremendous profit effect, expanding the circle, attracting outside funds, rotating sectors, until the inflow of funds was insufficient to support the upward spiral of the crypto space, leading to a crash......
However, after several years of cleansing, just look at what kind of characters the altcoin promoters have become. Don’t even mention the altcoin promoters, just look at what kind of characters the old investors have become;
At this stage, can we bet on altcoins for emotional surges? Yes, but it must be done cautiously. If you disagree, go all in on altcoins, and let’s see after a month or two; how many people are still looking at Dogecoin at $1, and Sui at $300..... damn it!