1. Expectations of interest rate cuts:
The market has begun to look forward to the arrival of interest rate cuts, although the policy has not yet been implemented. Interest rate cuts usually increase market liquidity, and with the US election approaching, candidates may seek support from the cryptocurrency market.
2. Characteristics of the copycat bull market:
This round of altcoin bull market may see more dispersed funds. The market is huge, and the increase may not be as concentrated as before. Each sector will be attractive, and funds will be more dispersed and no longer concentrated in a few projects.
3. Impact of Ethereum ETF:
The passage of the Ethereum ETF is very critical to the launch of the copycat bull market. Historical experience tells us that ETFs can significantly increase market expectations for mainstream cryptocurrencies, thereby driving the rise of altcoins. As a leading altcoin, Ethereum is able to generate positive buying sentiment.
4. Altcoin market value and market performance:
The total market value of altcoins is close to the bull market level, but many currencies are underperforming the market. This shows that the market has entered a new normal, and all sectors and projects are no longer able to continue to set new highs as before. In this round of bull market, it will be more difficult to select coins, and investors need to have stronger coin selection capabilities.
