$DOGE
Copycat season is coming? Bitcoin’s rally slows down, could it herald the coming of altcoin spring?
Recently, Bitcoin's upward momentum seems to be a little tired, and most altcoins have not been able to move forward in this rising feast. This has led to a phenomenon: Although Bitcoin has repeatedly hit new highs, the altcoins in the hands of most retail investors have not brought significant returns.
Looking at the Altcoin Quarter Index, this indicator surged from 33 to 63 in just one month, which fully demonstrates that more and more altcoins have surpassed Bitcoin in the same time period. This trend has undoubtedly brought new expectations and conjectures to the market.
However, according to the data theory of the altcoin season, if 75% of the top 50 tokens performed better than Bitcoin in the previous quarter (90 days), the arrival of the altcoin season can be officially announced. Although the current data is quite close to this standard, the real copycat season does not seem to have fully started yet.
So, when will the copycat season arrive? My judgment is that, at most, until the results of the Federal Reserve’s interest rate meeting on the 18th next month are finalized, the copycat season may break out in full force. In fact, judging from the current market situation, we may already be standing on the eve of the copycat season, just waiting for the last layer of window paper to be gently kicked through.
It is worth noting that among the top 50 currencies that currently have a growth rate exceeding that of Bitcoin, there are many established mainstream currencies such as XLM, DOGE, OM, ADA, and XRP. This phenomenon seems to follow the logic of "old money loves old coins". Due to the launch of Bitcoin spot ETF, a large amount of funds represented by Wall Street have poured into the market. While these funds are frantically pulling Bitcoin, they have also been diverted to some old currencies that have withstood the test in the market and are well-known. .
If this logic is established, then those currencies that have emerged in the past two years and are powerful, especially the public chain currencies that are among the top 100 in market value, such as SUI, APT, TIA, TON, DOT, AVAX, TRX, MATIC, NEAR, etc., as well as MEME coins such as DOGE, SHIB, PEPE, etc., may usher in a new round of gains.
Musk's concept Ethereum chain #puppies (tail number 6eb2), as a force that adheres to the original intention of charity and is unswervingly leading Web2 users to steadily move towards the new era of Web3.
