The best performing altcoin in May is meme coin, represented by pepe and people, both of which have broken through the new highs of this round. Pepe has the highest increase of 160% this month, and people has increased by 360%. I think the second is the RWA sector, and the leading stock ondo has doubled. ENS in the Ethereum ecosystem has also doubled. JTO in the Sol ecosystem has increased by 80% at most, but was suddenly drained by Ethereum and fell again. LPT in the AI ​​sector has doubled. Many old friends are disappointing, such as WLD, which everyone is optimistic about, has been falling due to unlocking, YGG has been sideways and has just broken through the top of the box today, and the star coin ordi is even more disappointing. Doge and shib, which have many fans, are also lying still.

After observation and analysis, we can see that the speculation of altcoins,

First, speculation is on new ones, not old ones;

Second, speculation is on fully circulated low-market-value coins. Because the chips of high-market-value and low-circulation coins are taken by the project party and the investor too much, the leeks are reluctant to take over;

Third, the market funds are still in stock. Although ETFs have come in, they only buy Bitcoin. Altcoins are actually still in stock funds. In this way, it is impossible to issue all 10,000 coins at the same time. Only a part of the coins can be pulled. This structured market will continue until the interest rate cut, which is extremely important.

2. June market outlook and operation strategy

K God personally thinks that it is still in the middle of the bull market. Although there is no interest rate cut, the continuous inflow of ETFs is equivalent to injecting liquidity into the big cake. Bitcoin and Ethereum will fluctuate upward in June and July. Bitcoin is likely to break through 80,000 in June. In the month before the interest rate cut, the big cake will have a wave of sharp declines. The reason is that the current US dollar interest rate is high, international arbitrage funds come in, and the US dollar liquidity is not bad. Before the interest rate cut, arbitrage funds flee, and liquidity declines in the short term.

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