In this round, it feels like the proliferation of altcoins is unlikely to sustain, but it's not that they won't rise at all. The upward momentum is simply not strong enough; it may rise for a month and then drop back within a few days.
It's easy to get trapped, and that's one reason why I am reluctant to discuss altcoins in this round. Once trapped in an altcoin, it may never return to its previous value, with a drop of 90% to zero being quite normal.
Additionally, there really isn’t much innovation this round.
The market is always changing; it is not static.
The changes here may be in profits or in long-term logic.
I still have a positive outlook on Bitcoin, but the profits for long-term holding need to be reassessed.
The long-term logic for ETH also needs to be reassessed, especially regarding long-term allocation.
Most technologies in the market can be bought with money; however, relying solely on technology cannot generate consensus like Bitcoin does.
As cryptocurrency develops, it is foreseeable that more traditional large companies will enter the space for development. They have the technology, traffic, and money.
Rather than developing on someone else's public chain, it's better to create your own public chain.
Competition is becoming increasingly fierce,
so the current situation of ETH and foreseeable future have many rising uncertain factors.
Holding a full position in ETH or a large position for the long term is not wise.
Currently, Bitcoin is still the most reliable, but as market capitalization grows, profits can be said to be less mysterious; the unimaginable skyrocketing is no longer possible.
