Is there still a possibility of a bull market in the altcoin market in this cycle?
I think the key event to promote the bull market in altcoins is not the launch of VC projects with large financing, nor the crazy launch of meme projects by Binance, and we should not hope that a so-called mass adoption project will suddenly appear. In fact, the arrival of the bull market is closely related to the activity of the incoming funds.
When the incoming funds are greater than the outgoing funds, the price will rise; otherwise, it will fall. Other factors only provide some superficial reasons for the inflow and outflow of funds.
The event that really deserves attention may be Uniswap, which has been quietly developing in the corner recently. Whether its governance token UNI can obtain SEC approval is the key to whether the altcoin bull market will come.
Recently, we can see that tokens such as BNB, PENDLE and AAVE, which are supported by real project income, have performed well in the past year, which shows that the market will not kill truly high-quality projects by mistake. The essence of traditional business formed after years of practice is still a valid truth.
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