If Bitcoin reaches $100,000, will altcoins rise across the board?
Take you to learn about the latest developments in the cryptocurrency market!
First of all, this round of bull market is indeed expected to come, and Bitcoin reaching $100,000 is by no means an empty talk.
However, although the increase in altcoins may surpass Bitcoin, there will not be a general increase, but a rotational increase.
This is mainly because there are too many currencies and the sectors are too scattered, which makes it difficult for funds to form a joint force.
In addition, the current quantitative easing environment is unlikely to be as loose as the previous round, which also limits the increase in altcoins.
Secondly, the rise of ETFs has intercepted a large number of new leeks, resulting in people and money not entering the exchange, which has also made the competition in the altcoin market more intense.
Finally, the "value" of this round of value coins is limited. When choosing to hold currencies, investors need to pay more attention to factors such as currency liquidity, deflation, dealer strength, and arbitrage mechanism.
The cryptocurrency market is unpredictable, and investors need to remain vigilant and analyze rationally.
Are you more optimistic about Bitcoin or altcoins?
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