Altcoins abandoned? Why does the 18-month TOTAL2 accumulation period cause traders to keep a close e

TOTAL2 runs in a consolidation range that lasts more than 18 months, and the market compares it to previous cycles.

Analysts believe that the performance of Bitcoin and Ethereum may determine whether funds will start flowing into the broader altcoin market. Solana, Chainlink, Sui, Ondo and Dogecoin are still high-profile projects due to their different application scenarios.

The cryptocurrency market is entering a high-profile period, with traders closely watching the TOTAL2 index-which measures the total market value of all cryptocurrencies except Bitcoin. The index has stayed within a broad consolidation range for more than 18 months, making it one of the longest consolidation stages since the previous market cycle. Technical analysts pointed out that similar long-term sideways movements in history have often been followed by increased market activity, but past performance does not guarantee future results. At the same time, some market participants believe that the next six to eight months may become an important window for digital assets.

There is a view that Bitcoin may hit a record high before Ethereum, and then all funds will flood into the rest of the altcoin market. However, some long-term forecasts even suggest that the total global market value of all cryptocurrencies could be as high as US$8 trillion to US$10 trillion, which is still a fairly distant expectation and depends on various economic and market conditions. Before a clear trend takes shape, short-term traders may leave the market in confusion. This has led many market observers to repeatedly emphasize the view that patience is the key when waiting for market technical confirmation, not responding to short-term fluctuations.

Bitcoin and Ethereum may determine the direction of the broader market

Bitcoin continues to influence sentiment across the digital asset industry. In previous market cycles, Bitcoin's strong rise has often been accompanied by increased demand for Ethereum, before investors will expand their attention to other alternative cryptocurrencies. Large institutional investors usually enter Bitcoin first because of its size and liquidity. Later, as confidence increases, Ethereum will also benefit, while the Layer-1 network, decentralized financial projects, infrastructure tokens and memecoin will attract more funds in the future. Although this sequence occurs many times, analysts caution that the changing macroeconomic environment and regulatory developments may affect how the current cycle evolves.

Solana continues to expand its blockchain ecosystem

Despite challenges, Solana remains one of the top smart contract platforms in terms of network activity and continues to play the role of a major competitor. The blockchain also maintains growth in decentralized finance, games, payments, AI applications and tokenized assets. It is known for its fast transactions and relatively low transaction costs, which maintains high developer and user engagement, making it one of the projects to watch when the market recovers.

Chainlink strengthens its position in blockchain infrastructure

Chainlink remains one of the top decentralized oracle networks in the cryptocurrency industry. It allows blockchain applications to securely connect data on the chain, which is critical to blockchain tokenization, cross-chain infrastructure and decentralized finance. As its popularity in blockchain interoperability continues to increase, institutional investors have paid significant attention to it, and Chainlink is still on the watch list of many investors.

Sui gathers momentum amid intensified Layer-1 competition

Sui continues to expand its Layer-1 ecosystem by improving scalability and network performance. The project attracts developers developing decentralized applications while increasing its influence in the digital asset market. As competition among smart contract platforms intensifies, analysts continue to focus on their adoption.

Ondo is attracting attention for the continued growth of tokenized assets

Ondo is attracting attention for its focus on tokenized real-world assets, an area that continues to attract interest from blockchain companies and traditional financial institutions. As demand for tokenized financial products expands, projects belonging to this segment are still under close observation.

Dogecoin maintains a presence in the meme market

Despite the changing market environment, Dogecoin remains one of the most actively traded meme cryptocurrencies. Strong liquidity, extensive exchange support and continued community engagement have helped it maintain its position among the most recognized digital assets in the field.

Analysts continue to pay attention to market confirmation signals

Although the overall sentiment in the cryptocurrency market has turned positive, analysts caution that no technical form can guarantee a positive outcome. The consolidation period may be extended, and a correction may still occur even in the upward trend of a large cycle. As of now, TOTAL2 is still one of the most watched indicators in the market. Investors should continue to pay attention to Bitcoin, Ethereum, market liquidity and macroeconomic conditions to see whether the current consolidation will ultimately lead to greater growth in the entire cryptocurrency market.