The profits gained by the consortium on Ethereum are realized very quickly, so the direction of altcoins will definitely be related to the consortium. Once these consortia push the price of Ethereum up for a while, I believe many consortia will set their sights on altcoins such as $DOGE and $LTC. The trend of the consortium is inevitable.

The cryptocurrency market is no longer driven by emotional speculation as it was before. Those who have experienced several rounds of bull and bear markets should know that in the past, when a new concept emerged in altcoins, someone would buy it. However, the scale has changed now, with the number of altcoins continuously increasing, and most of them have no practical applications. The market participants are no longer rushing in as they did before; ultimately, it comes down to their unwillingness to buy.

So going forward, the projects that have consortium support and are expected to pass ETF applications will attract more real investment. These points have been repeated many times in June and July.