A few observations about altcoins

#山寨暴跌

1. The current bull market appears to be led by large Wall Street institutions, which participate in the market primarily through exchange-traded funds (ETFs). However, ETFs can become an unpredictable risk factor for altcoins, as large institutional funds tend to have reservations about altcoins.

2. Despite changes in the market environment, the total market value of altcoins remains at a fairly high level.

3. Compared with the last bull market, the market value of newly emerged altcoins has generally increased significantly when they were listed, from tens of millions of dollars to hundreds of millions, or even to 1 billion dollars. However, it is worth noting that new capital inflows are relatively small, and many altcoins are also facing large amounts of unlocking.

4. With the involvement of institutional funds, investment behavior in the cryptocurrency market has become more rational. However, there are currently no new hot spots in the Ethereum (ETH) ecosystem.

5. It is expected that after this market adjustment, there will be a bull market for altcoins in specific sectors. High-quality altcoins will be favored by the market, while some underperforming altcoins may gradually decline or even have their market value return to zero.

For more interpretation and analysis, see the home page introduction.

#NOT #PEPE