In the case of a sharp drop in Bitcoin and Ethereum, the decline of altcoins has narrowed significantly. In the past few months, most altcoins have fallen by more than 80%, and the short-term entrapment has caused less selling pressure.
During the current Bitcoin bull market, altcoins are sluggish. There are three main reasons:
1. The high price of Bitcoin makes the market afraid of high prices, and OTC funds dare not enter the altcoins.
2. Institutional funds are concentrated in Bitcoin, and altcoins lack financial support.
3. Only after the Bitcoin plunge, a large amount of funds will be released, and OTC funds will enter, and altcoins will usher in a rebound, promoting a phased "altcoin season"
The current market panic is rare, and it is recommended to take the opportunity to layout, especially the opportunity to recover the capital in the second half of the year. Recommended currencies are:
BTC, ETH, SOL, LTC, ENS, AVAX
Metis, Rune, Pnut, Act, Sats
The first six are mainstream currencies, Metis is a mainstream public chain, and the current currency price is close to the cost price. Rune, Pnut, Act, and Sats are highly controlled currencies, and the main force continues to absorb funds at the bottom.
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