In the world of cryptocurrency, everyone has their own opinions and views, and recently an interesting view caught my attention: some people compare BTC in this cycle to the new gold, SOL to the new ETH, and ETH to the new ATOM. This view may reflect the mentality of some people in the market, especially in the context of BTC constantly setting new highs and SOL maintaining its popularity in the MemeCoin craze, ETH's performance does not seem to meet some people's expectations.
I usually don't respond to questions from backstage asking about the price of altcoins and whether I can make 10 times the money by the end of the year. Frankly speaking, if I knew which altcoin could easily make 10 times the money by the end of the year, why wouldn't I invest in it myself instead of telling you? On the road to investment, relying on the simple conclusions of strangers to realize your dream of wealth is a dead end. I always emphasize that investment success cannot be achieved by just reaching out for a simple answer.
I also have a little habit of checking the user's interaction with historical articles when replying to messages. If a person has never liked, read or appreciated a post, I usually won't reply unless the question is particularly targeted. After all, everyone's time and energy are limited, and the efforts should be mutual. Many of my views and opinions have been reflected in historical articles, and you can find what you need by searching or looking back at historical articles.
I have always advocated the correct way of asking questions. Don't be a hand-over party. Don't ask questions that take you five seconds to ask, but others will take ten minutes or even more to answer. Whether others are willing to help you depends entirely on your attitude and whether you think from the other person's perspective.
I will not pay any attention to those who complain or swear in the background. What we need is to reflect on ourselves, not complain about the market or society for not giving us opportunities. Some bloggers may value private domain traffic or personal fame, but these are not important to me. There are many crypto bloggers on the Internet, and it is your freedom to choose who to follow.
Of course, I understand the impetuous mentality of some people, especially during the bull market, seeing others making money or getting rich overnight, while the altcoins in their hands do not make money or even lose money, it is indeed depressing. This kind of depression can lead to two results: one is complaining and anger, the other is reviewing and self-reflection. Making mistakes is not terrible, the most terrible thing is to make mistakes without knowing it.
I have made many mistakes in the investment field and lost a lot of money, but fortunately I conducted a serious review and reflection later. Even now, I still insist on recording more than 10,000 words of notes every week for study and thinking.
The logic of many things is not complicated, but you need to overcome fear of difficulty and laziness. If you don’t have the basic knowledge base, your brain will not be able to persist when the market fluctuates. This is essentially the same as practicing basic boxing skills and doing muscle training.
There have been more messages in the background recently, which makes me feel a little touched, but some people may think I am talking nonsense after reading this. The advantages and disadvantages of self-media are here: the advantage is that I am free to say whatever I want, and the disadvantage is that you may waste your time reading my words. If you still think that my articles are useless to you after reading more than 500 of my past articles, then I suggest you unsubscribe immediately, which may be a good thing for you.
Next, let’s continue to talk about the topic of altcoins. Currently, altcoins as a whole have not made much progress. The main reasons may be attributed to the following aspects:
- BTC continues to dominate, attracting a lot of funds.
- The market lacks confidence in altcoins, especially after experiencing multiple market corrections.
- Lack of new technological innovations or application scenarios makes it difficult for altcoins to stand out.
When investing in altcoins, we need more patience and research, rather than blindly following the trend or expecting to get rich overnight. Remember, investing is a marathon, not a sprint.
As long as the price of BTC continues to break through historical highs, most of the liquidity in the market will be concentrated on Bitcoin, and altcoins as a whole will naturally not see any significant improvement.
- MemeCoin continues to absorb liquidity
Although MemeCoin has experienced some corrections in the past two days, this does not affect the fact that MemeCoin is absorbing the remaining liquidity in the market. Many people have completely abandoned the so-called fundamental analysis at this stage and no longer pay attention to the so-called value altcoins. Instead, they are fully FOMOing to MemeCoin, which will also lead to the overall poor performance of altcoins.
- ETH is in a state of autism
Bitcoin continues to create new historical highs, but ETH as a whole seems to be unmoved, not caring about the market at all. Many friends who previously switched from BTC to ETH have now broken their thighs. As the king of altcoins, as long as ETH does not move (no greater fluctuations), most altcoins seem to have no choice but to wait.
When Bitcoin goes up, altcoins dare not move. When Bitcoin goes down, altcoins have to follow suit. If the king of altcoins does not move, it will make it very difficult for those altcoins to do business.
Solana brought a bunch of memes and his younger brother watched the fun and said: Look at that person, so strange, like a dog.
Ethereum is quietly marking time without looking back.
The new round of rising opportunities in the altcoin market requires us to think deeply from three key perspectives:
1. Wait for BTC to stabilize
As the market leader, the price fluctuations of Bitcoin have a profound impact on the entire cryptocurrency market. Once Bitcoin enters a consolidation phase, the market liquidity may look for new investment opportunities, and then altcoins with solid fundamentals or undervalued may become the new favorites of funds.
2. Wait for MemeCoin to cool down
The popularity of MemeCoin cannot last forever. They are more of a speculative or even gambling asset. When the hype of MemeCoin begins to cool down, funds may flow back to those altcoins with actual value, pushing up the prices of these currencies.
3. Waiting for the King of ETH Altcoins to Wake Up
Although ETH's current performance is not satisfactory, as the only altcoin that has passed the ETF, ETH's potential cannot be ignored. When BTC stabilizes and MemeCoin's popularity decreases, ETH may have its own performance moment, and its ecosystem (including DeFi, Layer 2, etc.) may benefit greatly.
Of course, these are just some logical arrangements based on the current market conditions. No one can predict how high ETH will rise and which altcoins will take off.
When it comes to altcoins, many investors will think of VC coins, especially those project tokens with low circulation and high market value. After the baptism of the market, many retail investors stay away from VC coins. However, VCs may just be waiting for new opportunities. They can always stay at the forefront of the market, perhaps brewing new hype or weaving new stories. For example, the rise of the DeSci concept directly pushed the tokens of related sectors to a record high, which is a typical case of market hype.
At this stage when almost everyone is pessimistic about Ethereum and altcoins, it is the best time to conduct in-depth research. If you think there is still a chance for altcoins in the future, you should invest your energy in exploring them now, and pay attention to the hype points that VCs may use, such as staking, interoperability, DeFi 3.0, etc. At the same time, pay attention to changes in on-chain data, such as the growth of TVL and user scale. If you have more time and energy, you can also follow the official Twitter of VCs or project parties, as well as the Twitter dynamics of celebrities or opinion leaders.
In short, the market is like a wolf and retail investors are like sheep. In this race, the goal of the sheep should be to run ahead of other sheep, not to try to outrun the wolf.
Here comes the point:
Next, I will lead my fans to invest in several coins that are expected to rise by more than 60%. Don't be a headless fly anymore, follow my steps and become the best together. If you want to follow the strategy, please click "1" in the comment area, and I will personally lead you to fly.
Keep paying attention: doge, sui, cow, mask... these coins may be the next gold mine. Let us catch the tail of wealth together in the new era of blockchain.
