Today’s market highlights: Ethereum leads the way, and old coins are active across the board
Good news: Ethereum is finally launched! On Binance's gainer list, established currencies have once again become the protagonists. Whether it is XRP, XLM, HBAR, ALGO, ADA, or LTC, DOT, BCH, etc., they all show a gratifying rise. This seems to reveal a hype path that is becoming increasingly clear:
Meme coins attracted market attention first;
Afterwards, the RWA and public chain sectors gradually heated up;
Now it is the turn of the long-silent “old coins” to come to the fore.
For those who are not confident about the chips in their hands, maybe it is time to be more patient and wait for funds to flow to your sector. When the wind comes, you can take off.
The rhythm of the bull market: the three-stage path is clear
Looking back at history, the start of a bull market usually goes through three stages:
Bitcoin pulls up the market alone - as the market leader, Bitcoin is always the first to break out of the trough and attract capital inflows.
Public chain pulls up the market - infrastructure projects such as Ethereum take over, and market heat spreads to the core track.
The altcoin market is being pulled up - funds are gradually spreading into the altcoin field with lower market capitalization but huge potential, ushering in a full-scale outbreak.
For Bitcoin, the "$100,000 target" is no longer a fantasy, but the current weekend market is obviously difficult to drive by retail investors alone, and the "buying, buying, buying" of institutional funds is still the key variable.
Historical enlightenment: the rules and future of altcoins
In each bull market, the fate of the altcoin market is closely tied to the trend of Bitcoin. When Bitcoin surges and breaks through key highs, funds tend to be concentrated in Bitcoin in the short term, forming a "vampire effect." But this situation will not last long:
Once Bitcoin adjusts, funds tend to flow back to altcoins with low value, driving them to rebound.
Looking back at the 2021 bull market, Bitcoin’s strong rebound on March 26 directly led to the launch of altcoins. Subsequently, the market value of altcoins soared by 119% in a month and a half, and peaked on May 12.
Why did May 12 become the peak? Two major macro events provide the answer:
Shib tokens are listed on Binance, and Meme culture reaches its peak;
The U.S. CPI data for April exploded, and U.S. Treasury yields and the U.S. dollar index soared in the short term.
This "resonance effect" of market rhythm still applies today: every phased adjustment of Bitcoin may be the starting point for the re-emergence of altcoins.
Tracks and opportunities worth paying attention to at the moment
In the crypto market of 2024, which sectors are most worth investing in? The following directions may be worth further study:
DeFi (decentralized finance): a new force that reshapes traditional finance and provides users with trustless and intermediary-free financial services.
Bitcoin Ecosystem: Innovative applications around Bitcoin to expand its network functionality.
DePin (Decentralized Internet of Things): Empowering the real world economy and connecting virtual and reality.
RWA (Real World Assets): Combine on-chain technology with off-chain assets to enhance the actual implementation capabilities of blockchain.
The combination of AI and blockchain: The deep integration of future technologies is expected to give rise to new application scenarios.
Meme coins: Although highly volatile, low-market-cap meme coins are still a hotbed for short-term speculation.
Summary: Opportunities for altcoins are brewing!
The current market clearly shows a pattern of capital differentiation:
Bitcoin is leading the way, hitting new highs driven by both institutions and retail investors;
Altcoins are in a slump, waiting for a change in capital flows.
However, as history shows, every phased pullback of Bitcoin often starts a rebound cycle for altcoins. If you missed out on Bitcoin but still have confidence in altcoins, now may be the perfect time to make an early layout.
Market rules repeat themselves. Although history will not repeat itself, it can always provide direction for the future. Coin holders, please be prepared, the next wave may be quietly accumulating strength!
