Ethereum altcoins collectively plummeted, and have they completely decoupled from Bitcoin? Let me summarize the reasons and my views!
There are probably several reasons:
First, the approval of ETFs, traditional funds have not entered the altcoins, but are worse than memes!
Second, the continuous unlocking of "VC tokens", the cost of early altcoin investors is low, and they will sell as long as they are unlocked. There is no new narrative, no support!
Third, large projects such as io.net, ZKsync, LayerZero, and Blas are lined up to go online, and altcoins are collectively sucked!
My opinion:
The above views are at the news level. I don’t think the altcoins are gone. This round of altcoins did not rise. The main reason is that the car is too heavy and needs to be washed frequently. If there is no altcoin season, the probability is not very high. I usually think in reverse, but the contract must not be opened, and it will explode!
