$BTC fell sharply, while $ETH rose instead of falling, and $ACT and $PNUT also stabilized the market, which seems to indicate that the alt season has officially begun?
Bitcoin's callback came as expected. However, while the volatility callback was in progress, Ethereum and altcoins began to exert their strength, forming a scissors gap, and BTC.D fell rapidly:
Note that Bitcoin and altcoins fell, but at this time, Bitcoin rebounded and altcoins rose even more sharply. Therefore, Ethereum and altcoins can explode during the decline of Bitcoin.
My understanding is that the funds in Bitcoin are going to flow out. Many people who hold Bitcoin will have their faith shaken, and when the price rebounds, some of them will move into altcoins.
Bitcoin will have ups and downs, and altcoins will be launched. At this time, the idea is to pick up altcoins that have not risen and have fundamentals.
Can this rebound in altcoins trigger the arrival of the altcoin season?
Unless there are large applications in the altcoin ecosystem, altcoins will still rebound and make up for the rise. Bitcoin is trading sideways at $100,000, meme coins are taking a break, and funds are rotating to the altcoin sector, bringing about the market. During this period, many unpopular old coins have risen sharply because their institutional chips are concentrated and easy to pull up. From a fundamental point of view, ETH's on-chain activity and demand have not changed, gas is still at a historical low, inflationary pressure is still there, and the disadvantages of altcoins with high FDV and continuous unlocking have not changed. So the market is still rebounding and making up for the rise
It should be noted that this time the altcoin sector is just a rebound, and it is still necessary to lock in profits after there is a good space, unless there is a major application innovation in Ethereum, a trend bull market comes, or a new innovative sector emerges in the altcoin sector and there is capital speculation in the market!
You can pay attention to the rebound potential of Ethereum ecosystem tokens. After all, there are only two ETFs in the United States, Bitcoin and Ethereum, and its status as the "king of the ecosystem" is still there. The early fud caused its ecological tokens to fall sharply, and there will be more room for rebound, such as the leading pledged ldo; the second-layer OP, zk, strk, arb; domain name ens, etc.
MEME board: doge, shib, pepe, floki, bonk, pnut
AI section: agix, wld, fet, ai, nmr
Public chain: eth, bnb, sol, matic, ftm, ada, avax, $atom
BTC halving section: bch, bsv, zec, zen, btg
Gamefi section: sand, mana, gala, enj, ron, pixel, ace, ilv, magic
➜ $FTM
The typical strong currency is suitable for DeFi, enterprise solutions and real-world applications. Its Lachesis consensus mechanism ensures fast transaction finality and high throughput, which distinguishes it from other platforms. Fantom focuses on creating a user-friendly and efficient ecosystem and has been widely adopted in DeFi and other fields.
➜ $SUI
Wall Street institutions are very optimistic about public chains and new currencies.
This coin has been mentioned many times. Sui is now very similar to the early solona, and there are many opportunities.
And the move language of sui is also very good, and the technology is very solid. Sui's objective technical reputation is significantly better than apt, and it has better experience and evaluation from ecological users and developer communities.
➜ $GRASS
GRASS is an innovative decentralized network focused on providing a “data layer” for Artificial Intelligence (AI) models.
GRASS is a cornerstone in driving the AI revolution by transforming the internet into a collective resource for AI companies and enabling individuals to benefit from data they would not normally exploit.
➜ $STX
Full circulation, Upbit occupies the majority of trading volume. Nakamoto upgrade completed
When the Bitcoin ecosystem took off at the beginning of the year, it was one of the most rapidly rising ones. It is also the only usable second-layer network, which is unique in the context of the collapse of the new second-layer narrative. It provides the technical foundation for the upcoming decentralized Bitcoin asset sBTC. It injects liquidity into Bitcoin DeFi on Stacks.
As an SEC compliance project, it has a natural regulatory intimacy
