The cryptocurrency market is once again welcoming an exciting moment. Bitcoin and Ethereum have both reached new highs, sparking heated discussions among investors. Ethereum's performance is particularly eye-catching, about to touch the historical high of $4800, and this trend seems to have become a foregone conclusion.

However, for many investors focusing on altcoins, the situation may be somewhat different. Based on past experiences, altcoins typically show significant performance only after Ethereum hits a new high. But the key question is: among so many altcoins, which ones will truly explode? It is highly likely that those projects backed by strong financial support will ultimately perform astonishingly.

It is worth noting that the activity of stablecoins in the secondary market for on-chain transactions is relatively calm at the moment. However, with more funds pouring in, on-chain transactions may experience a frenzy later on. We are looking forward to seeing how this bull market will unfold.

As an observer, I believe this market cycle brings both opportunities and risks. Investors should remain calm, manage risks properly, and closely monitor market trends to seize potential investment opportunities.