Will there be a bull market for altcoins in this cycle?
I think the key events that bring about a bull market for altcoins are neither the launch of VC projects with large financing nor the crazy launch of meme projects by Binance, let alone the sudden emergence of so-called mass adoption projects. In fact, the arrival of a bull market is only related to the enthusiasm of the funds entering the market.
If the funds entering the market are greater than the funds leaving the market, the market will rise, otherwise, the market will fall. The others are nothing more than finding some reasons for the funds to enter and exit to make the funds appear not foolish.
The event that is really worth everyone's attention and waiting for is probably Uniswap, which has been unknown in the corner recently. Whether its governance token Uni dividend will be approved by the SEC is related to whether the bull market for altcoins will come.
Maybe someone has noticed recently that some tokens such as BNB, PENDLE, AAVE, etc., which are supported by real project income, have actually performed very well in the past year. This shows that the market will not kill truly high-quality projects after all, and the commercial essence of traditional business practiced for thousands of years is also as correct as the truth.
