The rise of altcoins = Bitcoin breakthrough × Ethereum trend.
Bitcoin drives the overall market, while Ethereum amplifies the market's risk appetite. A breakthrough in Ethereum's high point is the real signal for the start of the altcoin season: 1. Ethereum's rise drives mainstream assets stronger; 2. After mainstream assets rise, funds gradually flow into high-risk altcoins.
This forms a clear transmission chain: Bitcoin → Ethereum → Large-cap coins → Mid-cap coins → Various altcoins start to rise wildly → Bull market ends, entering a long bear market.
The start of the altcoin season usually begins with some innovative projects starting to rise, such as:
Some emerging projects: like SUI;
Some MEME coins and air coins: like PNUT, PEPE, VIRTUAL;
Some undervalued established altcoins: like XRP, XLM, TRX, OM, etc.
With the crazy rise of altcoins, the market will enter a state of extreme enthusiasm, which can also be seen as a warning signal, indicating that the market may reverse.
