The consensus used to be that a rising BTC price resulted in a trickle-down wealth effect for ETH, and eventually would spillover into the long tail of “altcoins” — an endearing term commonly used to describe all the other crypto assets outside the Big Two “majors.” We saw this dynamic play out last cycle. When BTC and ETH were up, so was everything else.
Right now, the majors feel more disconnected than ever from the rest of the market, especially BTC. Despite its ~130% rise over the last 12 months, we haven’t seen the “Everything Rally” many were anticipating by now.
We’ve seen small pockets of outperformance — Solana, AI,
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!