Although the institutions are closed on weekends, the market is fluctuating, with Bitcoin oscillating at $97,500 and Ethereum at $3,750.
In terms of altcoins, older coins like XRP, HBAR, ADA, and EOS from 2017 have risen over 30%. When Bitcoin weakens, altcoins strengthen; if Bitcoin stabilizes, altcoins may rotate upward.
Due to favorable Trump policies, the capital gains tax on cryptocurrency issued by American companies is eliminated, allowing Americans to profit from holding coins tax-free. On Coinbase, XRP's spot trading volume ranks first, exceeding the total of BTC, ETH, and DOGE, hitting a new market cap high and planning to issue stablecoins; XLM’s trading volume surpasses SOL, having previously fallen 90%, is quickly approaching its historical high in the last three weeks.
Currently, Ethereum is rising, and funds are flowing into altcoins. Don’t easily switch positions, as there may be a rotating market. Previously, there was no altcoin season due to the lack of new funds, but now with the Federal Reserve cutting interest rates, funds are increasing, although some coins of poor quality are still being speculated on.
New meme coins and active old coins are good for speculation, with significant recent gains due to low supply pressure. Projects like ACT are promising; in a bull market, pay attention to new tracks and new narrative projects, which have high valuation ceilings and large imaginative space.
Think from a different perspective; operators love to pull up projects with imaginative space and no locked positions. Be cautious when selecting established altcoins, as many have fallen over 90%, have heavy locked positions, and small imaginative space; operators can easily use favorable policies to pull up and sell off, so keep an eye on subsequent popularity and consensus.
When filtering old coins, DeFi project data does not compare to the bull market, and market cap is unlikely to exceed previous highs; public chain projects missed the boom, and according to DeFi standards, market cap is also difficult to exceed high points due to their small market imaginative space.
