Many brothers this season are doubting that Altcoins are overvalued, so they will not push prices up much and there will not be a strong Altcoin season like the previous one!
You can see this season many coins with a market cap of $ listed on exchanges, especially those technology coins from before, and then with regular token unlocks, so their prices have been divided quite a lot recently. However, memecoin projects that have been listed on exchanges have also seen rapid increases in their market cap of $ .
Most people currently doubt that in this Uptrend season, those large-cap coins will not be pushed or will see little increase... However, over time you can see many large-cap coins still pushing 3-5 times in a very short time. For example, some old coins like: #ADA #XRP #Doge #SOL or even #BTC when it needs to increase, it lightly pushes from 70k-90k$ in an extremely short time... And new coins like #SUI #Pepe ... still increase to tens of billions $ with a gentle push like a feather.
So, the large-cap uptrend is not the issue; the important thing is that we need to have cash flow, we need to see the story behind it, then the fish will push strongly and quickly in a short time, which can lead to a normal 3-5 times increase. Each season, the market capitalization grows larger, so the project valuations are also increasing; we cannot only compare with previous seasons... If you pay attention, the Total currently equals the peak of the 2021 season while Altcoins are still far below the feet of the upcoming massive wave!
#Bitcoin #BTC #Ethereum #ETH #Strk #ZK #OP #ARB #SCR #Eigen #SUI #Sei #APT #SOL #Omni #Saga
