GALA$CTXC GALA Why can't altcoins rise?
Bitcoin is currently 64,500, with a market value of 1.2 trillion, accounting for 53% of the total market, and the scale of altcoins is just over 1 trillion. Looking back at the starting point of the 20-year bull market:
In October 20, Bitcoin was 11,000, accounting for 58%, with a market value of 258 billion, and the market value of altcoins was 183.2 billion. At the peak of 21 years, Bitcoin accounted for 42%, and the total market value of altcoins was 1.2 trillion, an increase of 6 times, but it didn't hold up in the end and fell for a long time.
Although the current altcoin market value does not seem to have risen much, it has returned to the peak of the 2021 bull market, and the next is the peak period of unlocking. If you want the altcoin season, the total funds required are very huge.
I can only say that this round of altcoins is very difficult. In the last bull market, the market value of altcoins increased by 6 times, and there are many currencies in the market that have increased by 10 times;
But this round of altcoins has reached a trillion-dollar scale, and the altcoin market can probably increase by 2-3 times. There will be altcoin season, but it will not be as enthusiastic as the last round.
So naturally, we have to lower the high expectations of the altcoin season, especially those projects that are released too quickly in the bull market and whose FDV is slowly increasing. This will dilute a certain increase, which is why I have always said that this round is a bull market for Bitcoin.