Discussing the Market for Altcoins

During the weekend, the overall performance of the market was poor. In the past seven days, very few projects were able to achieve an increase, including zen, dexe, moca, bgb, move, tribe, hype, and some third and fourth-tier platform tokens. Most other projects showed a downward trend. However, in the last 24 hours, notable performers included fxs, ftt, moca, dexe, zec, aave, moodeng, crv, etc.

Regarding the reasons for the rise of these projects, we can summarize as follows:

(1) The rise of fxs is attributed to its adoption of BlackRock's build as a reserve, thus establishing a connection with BlackRock and rwa.

(2) The rise of ftt was influenced by Musk's reply on Twitter, where he mentioned that Biden might pardon SBF, which brought positive news for ftt.

(3) Moca's rise was due to its successful launch of Binance contracts, which drove its price up.

(4) The rise of projects like moodeng, chillguy, pnut, and goat is related to Eugene's recommendations.

(5) Aave and crv, as representatives of the DEFI sector, also showed an upward trend. Among them, aave has also established a connection with Trump, becoming the so-called "Trump concept coin."

Overall, the altcoin market remains relatively weak, with a clear lack of funds. It is expected that the probability of a major altcoin bull market occurring before the end of this year is low. However, this is precisely a good time to position oneself, as market expectations indicate that the emergence of an altcoin bull market next year is almost a certainty.