Analysis of the Overall Market for Altcoins

The overall market performance over the weekend was quite poor, with only a few projects like zen, dexe, moca, bgb, move, tribe, hype, and a few third- and fourth-tier platform tokens managing to rise in the past week, while most others have been declining. In the last 24 hours, projects that performed relatively well include fxs, ftt, moca, dexe, zec, aave, moodeng, crv, and so on.

(1) fxs: Used BlackRock's build for reserves, benefiting from the rise associated with BlackRock and RWA;

(2) ftt: Because Musk replied on Twitter that Biden would pardon SBF;

(3) moca: Listed on Binance contracts;

(4) MOODENG, CHILLGUY, PNUT, and GOAT are all nurtured by Eugene;

(5) aave and crv can be considered representatives of the DEFI sector, with aave also being a Trump concept coin.

Overall, altcoins have been very weak recently, and market liquidity is severely lacking. It is estimated that the probability of a bull market for altcoins before the end of this year is low, but this is a good time to position oneself, as there will definitely be an altcoin bull market next year; this expectation is too strong.