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Gate Square New & Returning Creator Rewards are ongoing!
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📢 BTC hits a new milestone, but are we really celebrating? 🤔
With BTC crossing the 90k mark, many are still holding altcoins, wondering: Will the Altcoin Season make a comeback? 🌕 Here’s what’s happening:
❤️ 1. Fund Concentration: Big players focus mainly on BTC and large caps, especially with ETFs rolling in. More Market Makers are entering the crypto space, backing only top assets. 💼
❤️ 2. Liquidity is Tight: BTC now controls over 60% of the market cap. There are too many altcoins and not enough funds to pump them all. Will the tide turn? 📉
❤️ 3. Altseason Insight: Historically, once BTC’s market cap dominance hits this level, funds often shift to altcoins. It’s not just a BTC bull run; altcoins usually follow. 🚀
💡 My take: I believe we’ll see an altcoin resurgence, but likely not across the board. Only the altcoins with strong fundamentals, real-world utility, and solid backing will capture this new wave of liquidity. The days of every token soaring just because BTC moves up might be over – we’re entering a more selective Altseason. DYOR, and hold onto quality projects! 🌍📈
🌟 Spotlight on VIRTUAL: One to watch is VIRTUAL ($VIRTUAL), which has been gaining attention with its unique protocol focused on enhancing digital ecosystems. With recent price action and strong community backing, it could be a standout during the next Altseason. Keep an eye on $VIRTUAL – it may just ride the wave of selective gains! 🚀