业精于勤

Now this round of the bull market is almost over. In the past, various altcoins would have already taken off, with everyone chasing each other in a violent competition of price surges. But now, this bull market is nearly finished, and BTC has been stagnating for a long time, constantly waiting for Ethereum. It has been oscillating at a high level, waiting for Ethereum to rally. After all, BTC has a very large market cap, and the cost of funds to rally is too high. As for Ethereum, I personally feel it’s about the same now. What’s left is the tail end of the bull market. Ethereum has a smaller market cap compared to BTC, which makes it easier to push up. It might touch 5000-5500, create a historical high, and that should be about it. If you want to touch the peak, you have to wait for a clear head formation, to truly see a reversal and generate a turning point, then it will be secure! The formation of a head can take as short as 1 month; it’s not that fast. This is just my personal opinion; please don’t criticize if you don’t like it!

In the future, there won't be many opportunities for altcoins; the main institutional funds are all in two mainstream coins. The major players are not fools to hype up those junk coins or to support the project teams. The total market capitalization has already risen high enough; the chaotic times of the past are long gone. That was because a few years ago, the overall market capitalization was low and stagnant. After several rounds of bull and bear markets, the entire market has been pushed up. Now, the market capitalization of the two mainstream coins accounts for 70-80% of the total market capitalization, which can be said to have sucked dry the liquid funds in the crypto space. Where will the continuous funds come from to drive altcoins? In the future, such hundredfold coins, if they exist, will be exceptions! The future market will mainly revolve around the two major mainstream coins, taking turns to hype them up. Other altcoins are just a pile of feathers! Some people are still dreaming, holding a bunch of junk coins, fantasizing about hundredfold returns in a few years. Haha!