Currently, Bitcoin's market share has reached 61%. If according to the data from the last bull market, once the market share breaks 67%, altcoins will start to collectively explode. Therefore, barring any surprises, we are likely to see this situation around December.
Currently, after Bitcoin's price breaks a new high and slightly adjusts, altcoins start to fall, and this market state is a bit painful. Wall Street funds only buy Bitcoin, and American retail investors only focus on some on-chain meme coins, while mid-tier altcoins are temporarily forgotten by the market.
Trends of altcoins:
ETH performance: Ethereum usually starts a bit slower than Bitcoin, but once it erupts, the increase can reach 30%-50%. At that time, everyone can start considering taking profits. Many altcoins will also gradually start to liquidate.
Overall market situation: Currently, the overall performance of altcoins is mediocre, and the total market value has not significantly increased.
When will altcoins have a chance to break through?
Currently, there are only a few factors in the market that could drive the outbreak of altcoins. For example, altcoins on centralized exchanges (CEX) may experience some breakthroughs.
Bitcoin breaks $100,000 and is able to stay above $100,000 stably for more than two weeks;
Ethereum's staking ETF has been approved, and off-market funds are beginning to focus on the Ethereum ecosystem and other blockchain assets;
Cryptocurrency regulation relaxation may lead to new innovations on-chain, similar to the DeFi summer explosion back then. If a few groundbreaking applications appear, capital will begin to shift from defensive to offensive, and the market will reopen financial leverage.
As long as two of these three conditions are met, the bull market for altcoins may return!
Several promising sectors:
Bitcoin-related sector: Projects like inscriptions, runes, and STX. The reason for optimism about these projects is that Bitcoin's strong performance may drive the rise of other projects within its ecosystem.
Solana ecosystem: Including tokens like $JTO, $JUP, $RAY. Solana has strong supporters behind it, and the ecosystem is developing very well. Therefore, holding Solana-related tokens is very cost-effective, and these tokens are expected to perform well.
Meme coin sector: Projects like Neiro, Goat, Hippo, and Pepe. Meme coins may run throughout the entire bull market; although market heat will continue to change, meme culture will always attract attention. These projects have immense growth potential due to their unique cultural phenomena and market appeal.
Detailed analysis of several promising projects:
STRX:
Focus on blockchain solutions, DeFi, and tokenized assets.
Committed to bridging traditional finance and Web3, promoting decentralized organizations.
It leverages the innovative potential of blockchain, with broad prospects.
RAY:
Raydium is an automated market maker (AMM) based on the Solana blockchain, providing users with a fast trading experience and liquidity sharing.
Raydium's potential is greater than Uniswap, bringing more transaction fees and token income, and it is happy to share these profits.
In the long run, I think Raydium is still severely undervalued.
NEAR:
NEAR Protocol is a blockchain platform that provides decentralized applications for developers, and its innovative Nightshade sharding technology greatly enhances the system's scalability and performance.
In addition to AI applications, NEAR is also excelling in the abstract layer of the chain and may become the next hotspot in the future.
STX:
Stacks is the largest Bitcoin Layer 2 scaling project, recently completing the Nakamoto upgrade, significantly improving block generation speed and enhancing system scalability.
The upcoming decentralized Bitcoin asset sBTC will inject a large amount of liquidity into Bitcoin DeFi on Stacks, releasing billions of dollars of Bitcoin capital.
Stacks' network TVL has grown from $50 million at the beginning of the year to $120 million, and additionally, the Stacks ecosystem will support professional teams with $20 million for core development, accelerating ecosystem construction.
Currently, Bitcoin's market share has reached 61%. If according to the data from the last bull market, once the market share breaks 67%, altcoins will start to collectively explode. Therefore, barring any surprises, we are likely to see this situation around December.
Currently, after Bitcoin's price breaks a new high and slightly adjusts, altcoins start to fall, and this market state is a bit painful. Wall Street funds only buy Bitcoin, and American retail investors only focus on some on-chain meme coins, while mid-tier altcoins are temporarily forgotten by the market.
Trends of altcoins:
ETH performance: Ethereum usually starts a bit slower than Bitcoin, but once it erupts, the increase can reach 30%-50%. At that time, everyone can start considering taking profits. Many altcoins will also gradually start to liquidate.
Overall market situation: Currently, the overall performance of altcoins is mediocre, and the total market value has not significantly increased.
When will altcoins have a chance to break through?
Currently, there are only a few factors in the market that could drive the outbreak of altcoins. For example, altcoins on centralized exchanges (CEX) may experience some breakthroughs.
Bitcoin breaks $100,000 and is able to stay above $100,000 stably for more than two weeks;
Ethereum's staking ETF has been approved, and off-market funds are beginning to focus on the Ethereum ecosystem and other blockchain assets;
Cryptocurrency regulation relaxation may lead to new innovations on-chain, similar to the DeFi summer explosion back then. If a few groundbreaking applications appear, capital will begin to shift from defensive to offensive, and the market will reopen financial leverage.
As long as two of these three conditions are met, the bull market for altcoins may return!
Several promising sectors:
Bitcoin-related sector: Projects like inscriptions, runes, and STX. The reason for optimism about these projects is that Bitcoin's strong performance may drive the rise of other projects within its ecosystem.
Solana ecosystem: Including tokens like $JTO, $JUP, $RAY. Solana has strong supporters behind it, and the ecosystem is developing very well. Therefore, holding Solana-related tokens is very cost-effective, and these tokens are expected to perform well.
Meme coin sector: Projects like Neiro, Goat, Hippo, and Pepe. Meme coins may run throughout the entire bull market; although market heat will continue to change, meme culture will always attract attention. These projects have immense growth potential due to their unique cultural phenomena and market appeal.
Detailed analysis of several promising projects:
STRX:
Focus on blockchain solutions, DeFi, and tokenized assets.
Committed to bridging traditional finance and Web3, promoting decentralized organizations.
It leverages the innovative potential of blockchain, with broad prospects.
RAY:
Raydium is an automated market maker (AMM) based on the Solana blockchain, providing users with a fast trading experience and liquidity sharing.
Raydium's potential is greater than Uniswap, bringing more transaction fees and token income, and it is happy to share these profits.
In the long run, I think Raydium is still severely undervalued.
NEAR:
NEAR Protocol is a blockchain platform that provides decentralized applications for developers, and its innovative Nightshade sharding technology greatly enhances the system's scalability and performance.
In addition to AI applications, NEAR is also excelling in the abstract layer of the chain and may become the next hotspot in the future.
STX:
Stacks is the largest Bitcoin Layer 2 scaling project, recently completing the Nakamoto upgrade, significantly improving block generation speed and enhancing system scalability.
The upcoming decentralized Bitcoin asset sBTC will inject a large amount of liquidity into Bitcoin DeFi on Stacks, releasing billions of dollars of Bitcoin capital.
Stacks' network TVL has grown from $50 million at the beginning of the year to $120 million, and additionally, the Stacks ecosystem will support professional teams with $20 million for core development, accelerating ecosystem construction.
Currently, Bitcoin's market share has reached 61%. If according to the data from the last bull market, once the market share breaks 67%, altcoins will start to collectively explode. Therefore, barring any surprises, we are likely to see this situation around December.
Currently, after Bitcoin's price breaks a new high and slightly adjusts, altcoins start to fall, and this market state is a bit painful. Wall Street funds only buy Bitcoin, and American retail investors only focus on some on-chain meme coins, while mid-tier altcoins are temporarily forgotten by the market.
Trends of altcoins:
ETH performance: Ethereum usually starts a bit slower than Bitcoin, but once it erupts, the increase can reach 30%-50%. At that time, everyone can start considering taking profits. Many altcoins will also gradually start to liquidate.
Overall market situation: Currently, the overall performance of altcoins is mediocre, and the total market value has not significantly increased.
When will altcoins have a chance to break through?
Currently, there are only a few factors in the market that could drive the outbreak of altcoins. For example, altcoins on centralized exchanges (CEX) may experience some breakthroughs.
Bitcoin breaks $100,000 and is able to stay above $100,000 stably for more than two weeks;
Ethereum's staking ETF has been approved, and off-market funds are beginning to focus on the Ethereum ecosystem and other blockchain assets;
Cryptocurrency regulation relaxation may lead to new innovations on-chain, similar to the DeFi summer explosion back then. If a few groundbreaking applications appear, capital will begin to shift from defensive to offensive, and the market will reopen financial leverage.
As long as two of these three conditions are met, the bull market for altcoins may return!
Several promising sectors:
Bitcoin-related sector: Projects like inscriptions, runes, and STX. The reason for optimism about these projects is that Bitcoin's strong performance may drive the rise of other projects within its ecosystem.
Solana ecosystem: Including tokens like $JTO, $JUP, $RAY. Solana has strong supporters behind it, and the ecosystem is developing very well. Therefore, holding Solana-related tokens is very cost-effective, and these tokens are expected to perform well.
Meme coin sector: Projects like Neiro, Goat, Hippo, and Pepe. Meme coins may run throughout the entire bull market; although market heat will continue to change, meme culture will always attract attention. These projects have immense growth potential due to their unique cultural phenomena and market appeal.
Detailed analysis of several promising projects:
STRX:
Focus on blockchain solutions, DeFi, and tokenized assets.
Committed to bridging traditional finance and Web3, promoting decentralized organizations.
It leverages the innovative potential of blockchain, with broad prospects.
RAY:
Raydium is an automated market maker (AMM) based on the Solana blockchain, providing users with a fast trading experience and liquidity sharing.
Raydium's potential is greater than Uniswap, bringing more transaction fees and token income, and it is happy to share these profits.
In the long run, I think Raydium is still severely undervalued.
NEAR:
NEAR Protocol is a blockchain platform that provides decentralized applications for developers, and its innovative Nightshade sharding technology greatly enhances the system's scalability and performance.
In addition to AI applications, NEAR is also excelling in the abstract layer of the chain and may become the next hotspot in the future.
STX:
Stacks is the largest Bitcoin Layer 2 scaling project, recently completing the Nakamoto upgrade, significantly improving block generation speed and enhancing system scalability.
The upcoming decentralized Bitcoin asset sBTC will inject a large amount of liquidity into Bitcoin DeFi on Stacks, releasing billions of dollars of Bitcoin capital.
Stacks' network TVL has grown from $50 million at the beginning of the year to $120 million, and additionally, the Stacks ecosystem will support professional teams with $20 million for core development, accelerating ecosystem construction.
