The secondary coin has shown some improvement; when will the altcoin season finally come?
Not long ago, the chairman of the SEC in the US tweeted that he would resign on January 20, the day Mr. Wang takes office. When this news broke, SOL, which was applying for an ETF, briefly broke its historical high, reaching $264, becoming one of the few mainstream coins to break its historical high after the major coin. Why?
Because this person is like a mountain pressing down on the cryptocurrency market, and now this mountain is finally about to be moved away, regulation in the crypto space will become much easier. Although the major coin continues to set new highs, it is clearly visible that the rate of increase is slowing down, while the secondary coins Ethereum and Solana have quietly followed suit.
So when will it finally be the turn of the altcoins, is there still a chance? The upcoming content is relatively sensitive, remember to like, follow, and save it.
Often, when the major coin stabilizes at a high position and the increase slows down, it creates opportunities for the secondary coin, Solana, and other mainstream coins, because the major coin is currently being pushed by institutions. At this position, countless short positions have been wiped out, and proper adjustments and pullbacks also provide opportunities for small traders to enter.
And the secondary coin started to rebound at 8 PM on the 21st, with some quality projects in its ecosystem immediately following suit an hour later, basically bottoming out with a 20% increase, and there are also signs of improvement in Ripple and Dogecoin.
The current suggestion remains to wait for the major coin to pull back, then focus on the entry opportunities for altcoins. It is certainly not appropriate to chase highs now. When the major coin retraces, pay close attention to those strong varieties, not just any altcoin can rise. To achieve results in this bull market, it is time to sharpen your vision, brothers.
APT
- Last night, Circle officially announced the launch of USDC and Stripe on Aptos, while Stripe will also integrate with Aptos. The Aptos blockchain is rapidly rising, providing a solid foundation for fast and secure stablecoin trading and commercial applications.
- Aptos has already gained recognition from major institutions including Circle, Stripe, Tether, eHKD, Franklin Templeton, and Aave;
- Aptos has unmatched advantages in the financial and payment sectors compared to other public chains; its strong technology and application foundation, along with recognition from numerous institutions, lay a solid foundation for its future development.
UNI
UNI has risen over 13% in the past month, with the current trading range between $7 and $10. If it can break through the resistance level of $12, the next target could be $15. RSI has not yet reached overbought levels, and the short-term and long-term moving averages are close, indicating potential for an increase. With growing market attention, UNI is expected to perform well in the potential altcoin season.
AAVE
Aave is considering integration with the Bitcoin Layer 2 network Spiderchain developed by Botanix Labs. This proposal aims to connect Ethereum's DeFi ecosystem with the Bitcoin network, creating opportunities for users from both communities to participate in new financial activities.
Spiderchain focuses on attracting Bitcoin investors, especially those who are exploring on-chain transactions for the first time. By integrating Aave's lending and liquidity services, the program allows Bitcoin holders to access decentralized financial tools without leaving their ecosystem. This approach has the potential to bridge liquidity from Ethereum to Bitcoin, encouraging interaction between the two networks.
