Altcoins: The current market situation is concerning, with altcoins generally performing poorly. This is mainly because mainstream funds are concentrated in a few large cryptocurrencies like BTC, DOGE, and SOL, while the funding pool for altcoins has not seen a significant influx of new capital. The current financial situation of project teams is also not optimistic, making it difficult to have enough momentum for price manipulation. Therefore, even though mainstream coins have risen significantly, altcoins may only see a rebound after the growth of mainstream coins stabilizes.
Market Analysis: From the current market perspective, the best performers are undoubtedly BTC, DOGE, and SOL, with increases exceeding 30% above the 250-day moving average; while ETH has just touched the 250-day moving average and still has considerable room for future growth. DOGE, under Musk's endorsement, may potentially reach $1 in the future, already becoming the 'second-generation rich' of the crypto market.
Current Situation of Altcoins: The significant rise of mainstream coins has made the market somewhat awkward, with limited funds in the funding pool, leading altcoins to capitalize on BTC's fluctuations to sell off and liquidate short positions. Nevertheless, altcoins will eventually experience a rebound; with patience, enduring this period will lead to some standout projects emerging, driving an overall market recovery.
