Matrixport: Unlikely Overall Rise of Altcoins

BlockBeats News, April 18th, the latest Matrix on Target weekly report pointed out that since the launch of the Ethereum spot ETF in the United States, Ethereum's dominance has dropped by nearly 50%. The report stated that in the past year, various meme coins have taken turns in the spotlight only to quickly disappear, all exhibiting a "rapid rise followed by a crash" pyramid price structure.

The analysis believes that Bitcoin may remain in the $80,000 to $90,000 range in the short term, and the likelihood of a significant increase in meme coins is low unless three liquidity catalysts occur: the Federal Reserve sends a dovish signal, stablecoin growth, or an increase in macro liquidity. The report also points out that unlike in past bear markets, Bitcoin's regulatory risk has significantly decreased, explaining why its current correction period performance is better than in the past.