In fact, Ethereum has never been absent from any market cycle!
Looking back at the past few waves, 2020 was DeFi, 2023 is the inscriptions, and 2024 will be Solana first.
This phenomenon mainly stems from the lagging nature of institutional funds, where hot money rushes into assets with lower liquidity, rapidly driving up prices and triggering the FOMO effect in specific sectors.
However, for large funds, considerations such as the environment, compliance, and entry issues come into play, causing reactions to be typically slower than the market.
Every time the market rotation returns to Ethereum, some interesting phenomena occur, such as OGs and large whales frequently transferring large amounts of ETH to Kraken and other U.S. exchanges. Often, these funds are actually transferred to off-market institutions interested in Ethereum, so this signal might actually be positive.
At this time, the market shows strong turnover, and many people mistakenly believe that the market is just rebounding, missing out on the real opportunities.
For instance, many old coins from the previous cycle, or coins that have been in circulation for over a year, begin to rebound sharply, while some new coins show no signs of market inflow. This is mainly because, in the last bull market, VC pricing was too high, leading to a very small secondary market for VC coins.
Coins that have been in circulation for over a year are usually those that VCs and exchanges have sold out, and the market has undergone multiple rounds of turnover and chip distribution, making such assets healthier.
The coins I previously invested in, including bonk, doge, xrp, wif, apt, op, and crv, have performed well.
The direction for the next investment will still be to guide everyone to continue exploring profitable opportunities in altcoins, especially those projects with huge potential, as doubling is not difficult.
Don't be like a headless fly anymore; prepare for next month's interest rate cut market. I will provide full support, helping you get in easily and enjoy the bull market dividends together!