Altcoin season? There will never be an altcoin season!
Unless there is a major black swan event, China and the United States will jointly prevent the spread and lower the interest rate to 0. Otherwise, with the current number of altcoins, it is impossible to support the general rise of all altcoins
Have you not discovered that since April, there is no so-called sector rotation in this wave of altcoin rise. Some coins are pulled up today and fall tomorrow
In 2024, although the altcoin market is not good, the AI/MEME/RWA sectors often rotate
Most altcoins in the currency circle are capital plates without any fundamentals, but some altcoins act as "shovel sellers". They have income and repurchases, and can cross bull and bear markets
I have summarized the altcoins that have plummeted and can be gradually DCA bottomed out
1. $Hype: This round of on-chain Binance, the platform will repurchase tokens, and the current coin price has reached a new high
2. $Ray: Solana's automated market maker (AMM) Platform, the project party will also repurchase, but because Pump itself has also done AMM, which affects Ray's income, the price of this token is expected to be adjusted downward
3. $Jup: DEX aggregator based on Solana, the project party will also repurchase, but the token's increase has not been high
4. $Cake: Thanks to the prosperity of BSC brought by Binance Alpha, Cake's coin price performance is also good
5. $ethfi: A liquidity staking agreement with income and repurchase by the project party
Based on past fluctuations, if the currency circle plummets, buy Hype, Jup, and Cake for stability, and buy Ray and Ethfi for gambling, the latter's fluctuation is greater than the former
#BTC