Trader Eugene: The crypto reserve craze is the last chance for a massive bull market in Altcoin. It is currently nearing the top but not over yet.

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MarsBit
08-04
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Mars Finance News, on August 4th, trader Eugene Ng Ah Sio posted on his personal channel that he holds a cautiously optimistic attitude towards the DAT "Decentralized Asset Trusts" trend, which is approaching its peak but not yet over. This might be the last opportunity for Altcoins to usher in a massive bull market with global capital. It is now obvious that most capital either cannot or is unwilling to cross the cryptocurrency divide by directly purchasing tokens. The current DAT is a suboptimal (but similar) replica of Altcoin ETFs. We have not yet truly seen a case where DAT drives massive funds into an Altcoin, but I believe the possibility is quite high given the traditional financial TradFi's enthusiasm for ETH. Theoretically, these capital inflows should make the performance of other crypto-native projects pale in comparison, but the market has not yet fully appreciated this. Although believing that DAT may be approaching its peak, the most crazy event has not yet occurred.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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