Old altcoins, why have they suddenly surged collectively?
During the past weekend, there wasn't much movement in the market, with Bitcoin and Ethereum only fluctuating slightly. But surprisingly, some old altcoins, such as XRP, HBAR, ADA, and EOS, have surged over 30%!
It seems Bitcoin's spotlight is being overshadowed, and altcoins are starting to shine. As long as Bitcoin remains stable, altcoins will take turns rising joyfully.
Why are these old altcoins performing so well? It's mainly due to Trump's policies! He wants to exempt cryptocurrencies issued by American companies from taxes, meaning Americans holding these coins won't have to pay taxes on their profits. Coins like ADA, ALGO, XRP, and HBAR are all from American companies, so how can they not be popular?
On Coinbase, XRP's trading volume surged to first place, leaving BTC, ETH, and DOGE behind; the enthusiasm of Americans is truly unstoppable! XRP's market cap also hit a new high, returning to the top three, and I've heard they are going to issue a new stablecoin.
Then there's XLM, an old project from 2014, which has suffered a lot in the past four years, but in the last three weeks, it has nearly risen back to its historical high.
Looking at this trend, as Ethereum rises, funds flow into altcoins. If you hold altcoins, don't rush to exchange them; they are likely to take turns rising.
The reason altcoins were not popular before was that there was no money in the market. But now, with the Federal Reserve lowering interest rates, there is more money available, and people are speculating on all kinds of coins. However, one must have insight when picking these projects.
Currently, the hottest are newly launched meme coins and revived old coins, due to low supply pressure! Personally, I am more optimistic about new projects like ACT, as they represent new tracks and new stories with unlimited imagination.
If you were a big player, which would you push? The old coins that have already surged or the new projects with unlimited potential?
Be cautious when choosing old altcoins; those that have dropped over 90% have many trapped investors and limited imagination. This time, the big players might leverage Trump's favorable policies to push prices up for profit, so we need to see if this trend can continue without becoming a bag holder again.
When selecting old coins, if they are DeFi projects, the data is not as good as before, and their market cap is unlikely to exceed previous highs; caution is needed. The same goes for public chain projects that missed the meme craze; if they still rely on old data for evaluation, their market cap will also struggle to reach new highs. The market has lost expectations for these old projects.
