Is there still an altcoin bull market? Looking at the favorable trends from regulatory bulls, there might be. However, one must also consider the industry's fundamentals, where retail investors ("chives") have been completely wiped out. The era of all coins soaring together will not return.
As always, be extremely cautious of those Chinese KOLs on YouTube and X who blindly follow institutional research reports, take money from centralized exchanges, and then bombard you daily with various technical analyses and project reviews. Chinese retail investors are being completely exploited by them and the manipulators behind the scenes.
Why am I still optimistic about Ethereum? The reason is simple: if I had to choose between Solana and Ethereum, I would undoubtedly pick Ethereum.
The growth of Solana over the past two years has been unhealthy, with many non-fundamental factors lurking behind it. Meanwhile, the Ethereum ecosystem has been weighed down by excessive VC interests, leading to pressure from profit-taking and sluggish growth.
However, this does not change the fact that Ethereum currently has the strongest fundamentals among altcoins. But the future remains uncertain.
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