It's really important we share our views on Alts based on our various researches to know what to buy this current bull season. As we all know whenever Bitcoin gains strength Alts follow and some Alts do great imagine accumulating Solana when it was just a dollar years back.
The bull run continues, but the impact was less compared to the less bull run. It seemed to me that if people are only focusing on Bitcoin right now, it can be seen from how the price of mostly altcoins in the major was not surging a lot.
The only new coins listed last year were able to record a new ATH. My asset is still 75% less than the last ATH. It shows that if the current bullmarket is not bringing FOMO and hype to the altcoin. The dominance is always stuck in the same place.
Even Ethereum is still 20% less from its ATH. This means that if the impact from the Bitcoin bull run is not as big as the last bull run, altcoins will feel it harder to increase and reach a new ATH.
Am believing layer one coins with good tokenomics such as Dot would make 2x to 5x maybe should be watched.please I'll love your opinion on this.
Im guessing 2x - 3x probably the maximum price that can be achieved in the current bullrun trend. BTC is only a few inches from the new ATH, but look at what happened to the altcoins. It is moving a bit and still far to the old ath.
Even Sol is very far from ATH. I would rather than bet on meme coin instead of layer one coin which is only slowly increasing. I remind you that some meme tokens made 10x in a week while major coins are still less to achieve 1x ROI.
Im feeling the current hype was not as good as before. People trusted more on btc after BTC ETF approved by SEC.