💢💢Analysis on the altcoin season💢💢
Recently, many people have fallen into a state of confusion and anxiety.
Bitcoin hit a new high, Binance Coin also reached a new high, and Ethereum rose by almost 30% to break a new high.
However, the altcoins in the hands of many people are like a pool of stagnant water, motionless.
This can't help but make everyone start to doubt life, is this a real bull market?
In fact, this is indeed a bull market, but the weakness of altcoins is also real.
You know, it's far from the altcoin season now.
Looking back at history, you will find that the altcoin season in each round of bull market occurs in the late stage of the bull market, and this round will surely be no exception.
In the early stage of the bull market, it is often the market-wide Bitcoin that rises first; in the middle of the bull market, the value coins will gradually keep up with the rhythm; and only in the late stage of the bull market will the altcoins show a flourishing trend.
Ethereum has not yet reached a new high, and it is obviously not the time for altcoins to flourish. Funds will still be invested in those undervalued high-quality projects.
Only when the top three in market value (Bitcoin, Ethereum, Binance Coin) all break through historical peaks and continue to set new records, may it be the time when the altcoin season really arrives.
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