Do altcoins still have a chance? Who will be the next one?

1. I think altcoins still have a chance

Altcoins still have a chance, which is almost determined by the inherent properties of the currency circle. As long as the crypto market still exists, has not died, and is still trying to survive, then altcoins will definitely have a chance. There are two main sources of opportunities:

Liquidity overflow and spillover: When the market liquidity of mainstream currencies is in excess, funds will look for new investment opportunities, and altcoins will become the beneficiaries of capital spillover.

Native stories and narratives in the currency circle: New concepts and narratives will continue to emerge and attract the attention of investors. Altcoins are often the carriers of these new stories and become a hot spot for market speculation.

2. The special status of Ethereum (ETH)

Although ETH has suffered a lot of criticism in this bull market, it does not hinder its status in the currency circle. As the second largest cryptocurrency after Bitcoin, ETH is still one of the only currencies that have passed ETFs and is one of the few investment targets that can attract a lot of funds.

Looking back at the last bull market, ETH went through a long period of consolidation and suffering before its price rose from $2,000 to $4,000+. During the rise, ETH's strong rise often caught people off guard, making them afraid to chase the rise or leaving the market early due to fear. This is exactly the unique style of ETH as the "second": accumulating power in silence and showing no mercy when it finally explodes. #杰克逊霍尔年会 #新币挖矿TON #美国CPI数据连续第4个月回落 #币安Web3钱包 #美国7月PPI低于预期