Is there still a bull market for altcoins in this round?
With the direction of U.S. policies, financial institutions are entering the market in bulk, and Bitcoin and Ethereum are surging ahead. Altcoins are certainly following along, but as soon as the first two experience a pullback, altcoins will see a significant decline.
Is there still a bull market for altcoins? That kind of tenfold or even hundredfold bull market? I believe there isn't. Don’t be fooled by the recent rise in altcoin indexes; this is a general follow-up, and it's already quite good if it can double or triple my funds. Chasing past bull markets is meaningless.
As we all know, this round of the Ethereum bull market is entirely driven by institutions entering the market in bulk, through treasury funds, lending and financing, and issuing stock for financing. Coupled with U.S. policy tendencies, Ethereum has surged. Since around April, it has absorbed enough chips, and the operators are pulling it up effortlessly, without even a proper minor pullback. The narrative being promoted is that Ethereum is the future global chain ecosystem's base camp, while Bitcoin serves as a store of value.
To be honest, I have no faith in Ethereum; currently, I only have a little gas fee left from my minor earnings. My experience is that, despite being an older public chain, its transaction speed is slow, and gas fees are high. It's really not as user-friendly as various new public chains. But the fact remains that there is no second Bitcoin in the crypto space, nor is there a second Ethereum. Institutions value its stability, and it has never gone down since its inception. For large funds, stability trumps everything.
So back to the topic: since the main driving force of this round of rise is off-market institutions, will institutional funds flow back to other altcoins? The answer is that most altcoins do not have the opportunity; a few altcoins will definitely experience a notable increase, but this is a matter of personal insight, with no standard answer.
Invest in new, not old; this is the eternal theme in the crypto space. For funds that have missed out, hold on tightly, and don’t fomo into playing blindly. There will definitely be major opportunities in the bull market similar to those in January $TRUMP #AGENT , which may occur on-chain or in the secondary market. Especially since this could still be a super bull market.
Let’s wait and see.
