The future altcoin market may only occur among mainstream tokens.


The launch of the ETF for cryptocurrencies is equivalent to siphoning off incremental funds into the crypto space.
Although BTC and ETH have gained through ETFs this round, they have not created a spillover effect for altcoins, which is a sign of the previous altcoin bull runs.
ETFs have changed the flow of funds for traditional investors entering the crypto world. After traditional financial investors buy ETFs, they do not turn to the exchanges for altcoins.
In the future, the approval of mainstream quality altcoin ETFs such as SOL, Dogecoin, LTC, ADA, XRP, SUI, etc., will essentially siphon off potential incremental funds from the crypto space, and the liquidity seepage effect will naturally disappear.
Note that these altcoins through ETFs are the few surviving victories that can live on after the altcoin season, and they account for a significant share of the trading volume among altcoins.
In simple terms, the new incremental funds in the future may only buy altcoins through ETFs and mainstream tokens that are ranked at the top in market capitalization.
If these mainstream quality altcoins intercept the new incremental funds, what will be left for other altcoins in the crypto circle?
It could be a pile of obscure garbage altcoins spiraling down to zero.
BTC-1.3%
ETH-2.59%
SOL-5.2%
DOGE-3.91%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
GateUser-bc3de484vip
· 10-27 08:02
Hold on tight, we are taking off To da moon 🛫
View OriginalReply0
GateUser-bc3de484vip
· 10-27 08:02
Steadfast HODL💎
View OriginalReply0
囤主流享自由vip
· 10-24 14:20
"Classic Trading Volume Mnemonic" Buy sideways, buy dips, don't buy verticals; the selling point is where it boils over. Continuous small rises are real rises; continuous big pumps require exiting the market. A sudden fall with no volume is intimidation; a slow fall with higher trade volumes means to quickly withdraw. A significant surge needs a pullback; don't dig deep pits and don't buy heavily.
View OriginalReply1
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)