!!! Exclusive news!!!
!!! Exclusive news!!!
The altcoin crashed, can the market make waves again!
Yesterday, the altcoin market experienced a thrilling "storm". In just 24 hours, the decline of several popular altcoins reached an astonishing 15%-20%, while Bitcoin, the "big brother", only slightly adjusted by 3%. Who exactly stirred up this "wave in the sea of coins"? Let's uncover the secret together!
The story is missing, and the altcoin is confused
Looking back on this year, memecoins have been advancing all the way in the pre-sale hype at the beginning of the year, and RWA tokens have also been in the limelight in the BlackRock hype in the second quarter. However, the altcoin market has lacked such a "hot story" recently. Without a fascinating narrative, altcoins are like ships that have lost their direction and are in trouble.
Ethereum ETF delayed listing, market sentiment is low
On the other hand, although the Ethereum ETF (Exchange Traded Open Index Fund) was approved as early as a month ago, trading has not started yet. During this long wait, market sentiment has gradually deteriorated. You know, Ethereum's strong performance has always been the "outpost" of the altcoin rebound. Now, ETH has not yet set a new high, and the altcoin season seems to have pressed the pause button.
Market greed, bubble appears
Today's cryptocurrency field seems to be filled with an atmosphere of "extreme greed". Celebrities have launched their own memecoins, showing off their Solana tattoos, and retailers are also showing off their millions of dollars in memecoin profits. These signs of excessive greed are gradually emerging in the market like bubbles. The market's prosperity needs time to cool down before it can return to stability.
Rebound is in sight, opportunities and risks coexist
So, when can the altcoin market rebound? This may depend on Ethereum's "face". If the ETH ETF can attract a large amount of capital inflows, just like Bitcoin once did, we may be able to witness the arrival of the next altcoin season. This may even attract the attention of institutional investors, paving the way for the next big story.
