When the price of Bitcoin is at 97000 or drops to 93000, the prices of altcoins are closely related, so there is no need to worry that a collapse in Bitcoin will make the altcoin market miserable.
Now Ethereum supports a large part of the market, and the top gainers are mostly related to the Ethereum ecosystem and layer two network projects. It is expected that December and January will mark the peak season for altcoins.
Tokens like SAND, MANA, AXS have only risen for two days before losing momentum, showing poor sustainability. Perhaps after today's adjustment, there will be another surge tomorrow.
This lack of profit-making effect is also reflected in the SOL ecosystem, with tokens like PYTH, TNSR, JTO, JUP rising along with Ethereum's market performance.
Coins that had smaller gains in the last round are likely to catch up in the next round, as the backers of each coin will not miss the opportunity during a bull market.
Currently, we just need to wait for Ethereum to stabilize at 3500 points and further push towards around 3800 to 4000 points, at which point all altcoin markets will gradually explode.
Investors should hold onto their tokens tightly; unless there's a clear rotation in sectors, it is not advisable to frequently change coins.
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