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More and more people understand that the ultimate fate of altcoins is to drop to zero. Even if altcoins make money, they must go back to buy BTC and other mainstream cryptocurrencies. The myth of getting rich quickly with altcoins is hard to replicate.
Despite the continuous talk of an "altcoin bull market" in the market, there have only been two brief rallies so far, concentrated on a few projects, and the overall market lacks continuity. Although there may be some activity in the fourth quarter of 2024, it has not managed to spread widely.
Overall, the rebound lacks fundamental support, making it difficult to drive the market to form sustained upward momentum. Matrixport remains cautious, believing that this round of increase may be difficult to maintain. The rapid decline in funding rates also indicates that bullish sentiment has not yet effectively gathered, and market enthusiasm still needs to be observed.
#山寨币 # BTC