Recently, due to market volatility over the past five weeks, holders of alternative cryptocurrencies have been under significant pressure. Such periods of intense fluctuations often test investors’ resolve, leading many to contemplate giving up.
However, it is important to recognize that as Bitcoin’s dominance weakens, altcoins typically thrive. Discussions surrounding ETFs for Ethereum are becoming increasingly common, with approval and commercialization expected as early as July.
Bitcoin’s current dominance mirrors the peaks of 2017 and 2021.
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Solana may emerge as the next leader in the cryptocurrency boom.
Anticipation is high for the upcoming Ethereum ETF, expected to attract significant investor interest, much like it did for Bitcoin. Prior to the launch of the spot Ethereum ETF, the altcoin market may react strongly, potentially causing a period of volatility. Maintaining calm and resilience during this phase is crucial.
Ethereum is poised to take the lead, reducing Bitcoin’s dominance and increasing the influence of ERC20 projects. This could usher in an active altcoin season, with Bitcoin potentially rising to $80,000 to $100,000 or more by the end of summer.
