In the past, the cryptocurrency market was led by BTC, which would initiate a rally, followed by Ethereum slowly starting up, and then the rotation of popular sectors later. However, this time it seems that only Bitcoin is moving, with BTC continuously breaking new highs, while Ethereum remains just above three thousand. Altcoins are also stagnant except for the MEME sector!
This round saw Bitcoin rise, then the SOL chain take off. SOL's little brother BONK, WIF, and some other memes are taking off, followed by DOGE (which is mainly driven by Musk!). This surge in Bitcoin is primarily due to the Bitcoin spot ETF.
The rise of the meme sector is mainly because VC coins have been very disappointing. Additionally, MEME is simple and primarily appeals to people through its price increase. However, after MEME's rise, there will be a wave for public chains and value coins as well!!!
The current market is frustrating; previously, the market was pushing everyone towards contracts and first-tier assets, but now it's forcing you towards BTC!!! Don't be nervous, as long as you have USDT in your pocket, there will be opportunities!!
