Good afternoon, everyone, please sit down and listen to me.
1. The current altcoin market is already large enough, and it is difficult to sustain the rapid growth of altcoins. On the one hand, BTC and ETH occupy a larger proportion of the market, and most people hold limited amounts, so their perception of the bull market is weak.
2. In addition, the altcoins invested by VC are gradually unlocked, limiting the room for the total market value of the bull market, and the market buying power is also affected by the short selling pressure. Even if there is a large amount of funds to take over, it is difficult to increase. At the same time, the numerous new projects also disperse the real warehouse funds.
3. However, judging from the recent market situation, the first sector to rise after the Bitcoin correction was the meme sector headed by Pepe, which indicates that the Ethereum staking sector #SSV the game sector #YGG #RWA: sector #ONDO and others may become the next target for rising prices.
4. With other countries likely to follow suit with ETFs in May and the emergence of Ethereum’s diamond bottom, the arrival of the copycat season is just around the corner.
The latest runes also show that the increase is limited, the success rate is low, and the market value ceiling is not high, which to a certain extent shows the market sentiment.
Even if the market fluctuates for a month, we should insist on buying low and investing regularly. The main upward trend after the production cut is the most worth looking forward to.
That’s all for today’s sharing. If you are interested, please follow us and we will continue to update the market.
