BTC continues to dominate, when will the alt season come?
Currently, BTC.D has reached around 61.5%, a three-year high.
As long as the price of BTC continues to break through historical highs, most of the liquidity in the market will be concentrated on Bitcoin, and altcoins as a whole will naturally not see any significant improvement.
Bitcoin reaching $100,000 is only a matter of time, not if. However, possible volatility and pullbacks in the short term cannot be ignored.
But is this a bull run for BTC alone?
---Most coins not only did not follow the sharp rise, but even fell sharply.
---In fact, this phenomenon is not the first time. When BTC rose from 25,000 to 60,000+, it was a similar situation. The siphon effect of BTC made funds concentrated in Bitcoin, and it was difficult for other coins to follow the rise for the time being. However, after Bitcoin reached a high level of consolidation, other coins often began to rotate and catch up. So:
In the current market environment, for the strategy of altcoins, I personally think that fixed investment and hoarding are the best solutions. ---Friends holding BTC: continue to hold the coins and don't get off the train easily. ---Those holding altcoins and MEME coins: don't move at this time, it will eventually be your turn.
When Bitcoin breaks through $100,000 and enters a high zone, some funds in the market may choose to take profits, which may lead to a decline in Bitcoin's market share, thereby providing space for the rise of altcoins. So wait and see if you can inject some confidence into altcoins when the price reaches $100,000+. As long as market confidence returns, the collective will scream again.
Several sectors that are more promising:
- Bitcoin-related sectors, including projects such as Inscription, Rune and STX. The reason for being optimistic about these projects is that Bitcoin's strong performance is likely to spill over to other projects in the Bitcoin ecosystem.
- Solana ecosystem, including $JTO, $JUP, $RAY and other tokens. Solana ecosystem has strong support from market makers and a prosperous development trend, so holding Solana is very cost-effective, and these tokens are expected to perform well.
- Meme sector, including projects such as lowercase Neiro, Goat, Hippopotamus and Pepe. The Meme theme is expected to run through the entire bull market. Although the market heat will continue to rotate, the discussion and attention of the Meme theme will be eternal. These projects have great growth potential due to their unique cultural phenomenon and market appeal.
➜ $SOL
- Solana chain is one of the hottest tracks at the moment.
-Its on-chain applications are increasing, especially in the fields of gaming and finance. Solana's ecosystem is still expanding, and people are making a fortune through Solana every day.
-SOL is expected to continue to perform strongly in the next bull market.
➜ $STRX
- Blockchain solutions, DeFi and tokenized assets.
- Focused on bridging finance and Web3 to enable organizational empowerment.
- Committed to harnessing the transformative potential of blockchain.
➜ $DOGE
- The "Department of Government Efficiency" ($DOGE) meme centered around Elon Musk and Trump continues to gain popularity and is expected to remain popular for the next four years.
- Strong staker growth and a strong community continue to drive $DOGE
narrative communication.
- Yesterday a whale sold about $3 million worth of tokens, adding to short-term selling pressure, but often such selling pressure usually marks a bottom.
➜ $XRP
- Strong market makers hold high control over the market. XRP remains strong due to positive progress in Ripple’s legal dispute with the U.S. Securities and Exchange Commission.
- The years-long case is coming to an end, with many predicting a positive outcome. Ripple’s likelihood of winning the legal battle has boosted market confidence, while XRP’s growing popularity in international payments has made it one of the most noteworthy altcoins to watch.
➜ $STX
- Stacks is the largest Bitcoin Layer 2 and has recently completed the Nakamoto upgrade, significantly improving transaction speeds, 100% security guaranteed by the Bitcoin network, and providing the technical foundation for the upcoming decentralized Bitcoin asset sBTC.
- sBTC will unlock billions of dollars of Bitcoin capital and inject liquidity into Bitcoin DeFi on Stacks.
- In terms of funding and technology, Stacks received $20 million in support to form a core team and appointed the former Algorand Labs CTO as the CTO of Bitcoin L2 Labs to accelerate protocol upgrades and sBTC development.
