When will altcoins finally see a turning point?
Although the current market trend is quite unfavorable for altcoins, this does not mean that they have completely lost hope.
If two out of the three conditions listed below can be met, then we are very likely to witness the return of the altcoin bull market:
First, Bitcoin (BTC) successfully breaks through the important barrier of $100,000 and can maintain a stable price above $100,000 for at least two weeks after the breakthrough.
Second, the Ethereum (ETH) staking-based exchange-traded fund (ETF) receives approval. Once approved, it will undoubtedly attract a large amount of off-exchange capital focusing on the Ethereum ecosystem and other related native assets.
Third, the regulatory policies in the cryptocurrency sector show signs of relaxation, allowing innovation to return.
If the on-chain ecosystem can once again ignite an innovative wave similar to the past “DeFi Summer,” even giving birth to several projects with “killer application” qualities.
Then investor preference for risk is very likely to change, directing attention towards the altcoin sector that can bring higher returns.
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