December, when Trump announced his victory last year, was the peak of this round of copycats, and we have missed the best time to escape the top? (Lottery at the end)
A few days ago, I saw Mr. Chen Jian, @jason_chen998 and @thecryptoskanda discussing that the market has entered garbage time again, there is no new thing, no liquidity, and no copycat season. If I look back at the pie BTC and the top 50 altcoins, $BTC was actually around 106,000 in December last year, which is not much different from now. But if you compare the altcoin leader $ETH, it's the difference between heaven and hell.
When Trump declared his victory for president last year, almost all of the top 50 altcoins by market capitalisation ushered in the peak of their current cycle, such as Dogecoin, which exploded by 300%, $SOL at that time the price was 237U, and the price of $BNB at that time directly broke through the all-time high, to the price of 751U. Ethereum's price in December 2024 was 3,987, which was also the most faithful moment for the E-Guard, but now $ETH has fallen by -35%.
3 key points to comb through this data:
1) The coins that fell the most were $ENA, $NEAR, and $ARB, although ENA has been rumoured to be a variety of positives, whether it is the purchase of wlfi or traditional fund financing, it cannot save the market.
2) The decline of platform coins is generally not large, among which Gateio's $GT is even higher than the December price, and $BNB is also the smallest decline among the top 10 tokens.
3) $HYPE is the biggest altcoin dark horse in this cycle, and it is also one of the few altcoins that have gone all the way up after TGE, and if you start from their TGE, the $HYPE market has been pulled by more than 400%.
Summary: The average drawdown of these coins is -43.22%. In other words, from December 2024 to the present, the entire altcoin market has actually fallen by almost half.
Seeing this, one click to connect this tweet three times, I will draw 2 brothers to send red envelopes 👇
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