Why have these old altcoins surged so much?
Mainly because of favorable policies from Trump.
He hopes to eliminate all capital gains taxes on cryptocurrencies issued by American companies.
This means that Americans holding crypto assets like ADA, ALGO, XRP, HBAR, etc., will have their profits completely tax-free, as the creators of these coins are American companies.
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On the Coinbase exchange, XRP actually ranks first in spot trading volume, with its trading volume equal to the sum of BTC, ETH, and DOGE, indicating that the FOMO sentiment among American investors has kicked in.
XRP's market capitalization has also hit a new high, returning to the top three, and it plans to issue new stablecoins.
The trading volume of Stellar (XLM) has also surpassed SOL. XLM is an old project launched in 2014, which had dropped 90% over the past four years, but has quickly returned to near historical highs in the last three weeks.
At the current trend, as Ethereum rises, funds are beginning to flow into altcoins on exchanges, so don’t easily swap out previously held altcoin projects, as there is a high probability of a rotation market.
The reason there wasn't an altcoin season before was that the market lacked new funds, but with the Federal Reserve continuously lowering interest rates, the incremental funds in the market are gradually increasing.
Although many coins on exchanges are garbage, they can still be picked up and speculated on.
However, there are methods to pick these projects.
Currently, the best speculative targets are two types: newly launched meme coins and some reactivated old coins.
The ones that have recently surged are also old coins from 2017 and this year's new meme coins, as their supply pressure is the least.
I personally have high hopes for new projects, such as the recent ACT.
In this bull market, it is recommended to focus on new tracks and new narrative projects, as these projects have no upper limit on valuation, and the market has a larger imagination space for them.
