After the altcoins and Bitcoin completed the co-shock decline, the altcoins began to reverse the past decline, with the market capitalization share and daily transaction share both rebounding significantly, indicating that some funds have begun to adjust their positions.
Finally, every round of large-scale capital circulation in history will produce a sedimentation effect. For example, although the Internet technology bubble in 2000 led to a three-year bear market in the industry, 12% of the companies eventually became industry giants and entered a long-term bull market. The current altcoins are also similar to the sedimentation stage after large-scale capital investment, waiting for the emergence of new catalysts.
I do not think that the past altcoin bull market will reappear. The reversal of the plight of altcoins is more likely to occur in the leading projects in various segments, and its manifestation will still be a structural bull market. The difference is that compared with the past, there are more market opportunities and the money-making effect is more obvious.
In terms of operation, considering that the macro risks have not been completely cleared, Bitcoin will continue to fluctuate and bottom out in the short term, and it is not ruled out that it will continue to test the 55,000 area this week. On the market, the surge in XRP has led to a counterattack in altcoins. Many altcoins have rebounded by more than 30%. It is expected that the fermentation of the altcoin market will continue.
