Actually, Ethereum has never been absent from any market cycle!
Looking back at the past few waves, it was DeFi in 2020, inscriptions in 2023, and now it’s SOL in 2024.
This phenomenon mainly stems from the lag of institutional funds, as hot money tends to flow first into assets with poorer liquidity, quickly driving up prices and triggering the FOMO effect in the designated track.
However, for large funds, considerations like environment, compliance, and entry issues come into play, resulting in a response that is usually half a beat slower than the market.
Every time the market rotation returns to Ethereum, some interesting phenomena occur, such as OGs and large whales frequently depositing large amounts of ETH into Kraken and other U.S. exchanges. Many times, this capital is actually transferred to off-exchange institutions interested in Ethereum, so this signal may actually be positive.
At this time, market turnover is quite strong, and many people mistakenly believe that the market is only rebounding, missing out on the real opportunities.
For example, many old coins from the last cycle, or coins that have been circulating for more than a year, start to rebound sharply, while some new coins show no signs of market inflow. This is mainly because the VC pricing in the last bull market was too high, resulting in a very small secondary market space for VC coins.
Coins that have been circulating for more than a year are usually those that VC and exchanges have already sold out, and the market has undergone multiple rounds of turnover and chip dispersion, leading to healthier assets.
The coins I previously invested in, such as bonk, doge, xrp, wif, apt, op, and crv, have performed well.
The direction of the next layout will still lead everyone to continue exploring profit opportunities in altcoins, especially those with huge potential projects, as doubling is not difficult.
Stop being a headless fly, prepare for next month's interest rate cuts, I will provide full support to help you easily get on board and enjoy the benefits of the bull market together!