The price of BTC is rising, but an analysis of the crypto market shows that the really interesting movement is elsewhere: the real altcoin season is starting. While BTC moves relatively slowly, a gold rush has broken out among the altcoins. Not only ETH has reached a new all-time high in recent days. Basically, the whole altcoin market is growing. It's logical. The best rise in the price of altcoins comes at a time when BTC is slowing down. Investors have made profits and are now increasing risky deals because they have a financial cushion from BTC. In addition, there is a never-ending procession of newcomers who immediately invest in whatever someone recommends.
ETH has reached $ 1,700, but has a problem because the network is not catching up. Transaction fees are astronomical (up to $ 100). Ethereum must innovate as soon as possible, otherwise there will be a mass flight of users from this network. The competition is fierce and, for example, the BINANCE Smart Chain is growing really fast and the BNB token reached ATH $ 72 (it only cost less than $ 30 a few weeks ago).
Although the prices of most altcoins are rising, a fundamental change in the crypto market is beginning to show. Projects in the DeFi area are doing more than well, while "classic" altcoins such as Litecoin, Bitcoin Cash, Dash or EOS are growing significantly less and are gradually losing their position among the TOP cryptocurrencies. The future trend of the market is obviously decentralized finance. That's why projects like Cake, DFI or Nexo, with a significant price increase, are doing so well. All of these are projects with a certain added value, because they do not only serve to pay or hold value, but serve specific and living projects. Staking, lending, storage in liquid pools, etc.
According to famous investor and media celebrity Mark "Shark Tank" Cuban, DeFi is one of the industries, along with nanotechnology, green technology and others, whose growth has the potential to literally explode in the next 10 years.
In any case, the future will still be very interesting.
