Since the development of this bull market, with the exception of Bitcoin and meme coins, altcoins have been unable to rise, which has also made investors wonder whether the altcoin season will come again? (Preliminary summary: Bitfinex: Bitcoin will fluctuate violently "within three days" after the US election! The rise of altcoins is worrying) (Background supplement: Bitwise: Bitcoin's "three conditions" exceed 80,000 Mg by the end of the year, altcoins become accelerators) In this article In this bull market, with the exception of Bitcoin and Memecoin, the performance of a large number of altcoins, mainly ETH, has been very sluggish, which has also caused many investors to question, similar to the altcoin season when the bull market breaks out in 2021, in this altcoin season Will there still be another bull market? Viewpoint 1: There will be no more copycat season in this round. Currently, investors are not optimistic about the copycat season. The specific reasons include: 1. This round of Bitcoin bull market is mainly driven by spot ETFs. Even after Trump came to power, the biggest benefit It will also allow more companies to legally invest and adopt Bitcoin, so a large amount of money will always flow into Bitcoin; 2. For retail investors, meme coins are the most popular, whether on-chain or on secondary exchanges. As a currency with the effect of creating wealth, retail investors' funds will also emerge on the meme currency track; the overall market value of the meme currency market reached US$124.4 billion. Source: CoinGecko 3. Among the top ten currencies, in addition to Bitcoin, only Binance platform currency BNB has reached a new all-time high so far this year. Even though Solana has the greatest popularity because it occupies the meme currency track, so far it has not reached a new all-time high. It has not yet broken through the historical high, which shows that altcoins lack upward momentum; 4. The altcoin market, dominated by ETH, is filled with various institutional coins and VC coins. The FDV was very high when it was listed. After long-term investment failure, retail investors No longer willing to become a liquidity source for institutions and VCs to withdraw; 5. The competition among similar altcoins is too exciting. There are dozens of public chains in the Ethereum Layer 2 network alone. Even if this track rises, funds will be dispersed. To sum up, many investors believe that this bull market will belong exclusively to Bitcoin and meme coins, and that the altcoin season will ultimately be absent from this feast. Viewpoint 2: The altcoin season will still come. However, there are currently investors who are optimistic about the arrival of altcoins. They believe: 1. The arrival of the altcoin season is a process of capital overflow. Just like the previous bull market cycle, Bitcoin will first reach a new historical high and its market share will increase. However, as Bitcoin funds overflow, after the currency price corrects and stabilizes, the market will Funds will flow from Bitcoin to altcoins, mainly ETH. At that time, ETH will see a large-scale compensatory increase, and at the same time drive other altcoins to rise; Bitcoin's market share will reach 60%. Source: Trading View 2. The project team behind altcoins will eventually cooperate with market makers at the peak of the bull market. At that time, the currency price will continue to rise, triggering FOMO in the market, and speculative funds will also emerge as altcoins; 3. Meme coins will eventually It has no practical value, especially on the chain. There are many Rug projects. When the meme currency bubble bursts, altcoins will regain their value, such as a number of DeFi projects. These projects can still bring benefits to users. Altcoins will eventually arrive; 4. The total market value of cryptocurrencies is still very small compared to the U.S. stock market. Against the background of the US Federal Reserve releasing water and the bubble in the U.S. stock market getting bigger and bigger, risk funds will still emerge in cryptocurrencies and altcoins. Although it is not as good as meme coins, the fluctuations and risks are relatively smaller, so the altcoin season will still come. The market is changing amid doubts. This time, altcoin investors are not as optimistic as in the past. It is worth noting whether it will be reflected in the market in the future. Related reports Micro-Strategy Michael Saylor: After studying Bitcoin for 10,000 hours, you will understand that high volatility is not high risk. Weekly moving area report: Bitcoin fell back after a new high, Ball is not in a hurry to cut interest rates, market sentiment changes, meme coins are hot Nutshell article) Bitcoin Fixed Investment Experiment: 500 Days of Uninterrupted Achievements Disclosed "Viewpoint" Bitcoin's Self-Proofed Glory, Pessimistic View of the Absence of the Copycat Season" This article was first published on BlockTempo (DongZuDongTen-The Most Influential Block) chain news media).

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