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Stephen Jen, CEO of Eurizon SLJ Capital, believes the U.S. dollar’s decline is just beginning. Concerns about the US economy and optimism about growth abroad have pushed the dollar to a three-month low, aligning with Jen’s long-held prediction of a weaker dollar. Jen’s “dollar smile” theory suggests the dollar gains during deep slumps or strong expansions but struggles during moderate growth. He argues the dollar is about 20% overvalued and expects a multi-year adjustment rather than a crash. Recent tariffs by the Trump administration haven’t stopped the dollar’s slide, and Germany’s plans for significant spending have further weakened it. Jen’s thesis rests on the idea that the US growth advantage will fade as government spending decreases. He believes the economy is resilient enough to handle reduced fiscal stimulus without severe damage. The dollar has fallen about 5% since peaking in January, and Jen expects this trend to continue. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

At the start of 2025, several altcoins surged to new all-time highs. Others climbed to multi-month peaks, riding the wave of the Donald Trump-fueled rally that swept through the crypto market. However, Trump’s escalating trade wars and broader macroeconomic unrest have led to a significant downturn in many altcoins, raising questions about the timing of the next altcoin season. 🔸 Altcoin Season Slips Further Away Altcoin season refers to a market cycle in which crypto assets other than Bitcoin significantly outperform BTC in terms of price gains. Many altcoins witness significant price surges during this period, often due to increased investor speculation, capital rotation from BTC into other crypto assets, and bullish sentiment in the market. This cycle commences when at least 75% of the top 50 altcoins outperform BTC over a three-month period. However, this is far from the reality. The Altcoin Index, which tracks this trend, has plunged to its lowest level since October 2024, signaling continued weakness in the sector. As of this writing, only 24% of top altcoins have outperformed leading crypto Bitcoin over the past 90 days, highlighting its dominance in the current market cycle. This persistent underperformance suggests that an altcoin season may still be far off. Further reinforcing this bearish outlook, TOTAL2, the metric tracking the total market capitalization of all cryptocurrencies excluding BTC, has remained in a descending parallel channel since the beginning of the year. This pattern signals a sustained downtrend. It is formed when an asset’s price moves between two downward-sloping parallel trendlines, with lower highs and lower lows over time. As of this writing, TOTAL2 is at $1.14 trillion, plummeting by 17% since January 1. This decline confirms the lack of strong bullish momentum across the altcoin market, hinting at zero likelihood of an altcoin season kicking off anytime soon. #Crypto #Altcoins

Cardano is facing mounting criticism over its slow transaction speeds and lack of scalability. While its community remains loyal, critics argue the blockchain lags behind its competitors in both speed and innovation. Prominent blockchain analyst Justin Bons has called for a complete overhaul of Cardano’s leadership, citing IOHK’s failure to deliver on promises. One of the biggest concerns surrounding Cardano is its low transactions per second (TPS). Currently, the chain operates at 18 TPS, making it significantly slower than newer blockchain networks. Competitors have achieved sub-second finality and thousands of TPS, while Cardano remains sluggish. Additionally, the network’s 20-second block time makes user experience frustrating compared to faster alternatives. Moreover, Cardano’s transaction calculations are misleading. Developers count multi-output transactions as multiple TPS, inflating performance figures. However, this method is not unique to Cardano and does not reflect real-world capacity. Even Bitcoin could artificially increase its TPS using similar calculations. Another major flaw is the chain’s inability to handle congestion. Cardano’s mempool has a fixed maximum size, limiting it to roughly 640 transactions. If congestion occurs, transactions are simply dropped, rendering the network unusable. Additionally, its lack of a fee market means transactions are processed on a first-seen basis, making spam attacks easier to execute. Hydra, a proposed Layer 2 solution, has been touted as a game-changer, but it does not improve Cardano’s Layer 1 scalability . Input Endorsers, another scaling proposal, has been delayed for over four years, with no official launch date in sight. Even if implemented, the maximum capacity would be around 400 TPS, far below the industry standard. Cardano is still one of the most decentralized networks with robust governance systems in spite of these drawbacks. Critics counter that there is no reason to have faith in Charles Hoskinson and IOHK. Justin Bons suggests that Cardano’s on-chain governance should fund an alternative development team to accelerate improvements. Without radical changes, Cardano risks falling further behind in an industry that thrives on rapid innovation. The community must decide whether to continue trusting its current leadership or demand a new direction to remain competitive. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Microsoft pulled contractual commitments tied to Core Scientific’s AI partner, rattling investor confidence, though the tech giant remains a major revenue source. Bitcoin ( BTC ) miner Core Scientific saw its share price drop 10% on March 5 after Microsoft downsized contracts with CoreWeave, one of the firm’s business partners. Core Scientific and CoreWeave announced a $1.2 billion data center deal last month to provide high-performance computing services for the latter’s artificial intelligence and cloud computing operations. Following last year’s Bitcoin halving, which cut mining rewards in half, miners like Core Scientific have explored new revenue sources, including offering HPC services to AI and other compute-heavy firms. Following the news, CoreWeave unveiled its filing for an initial public offering. The filing stated that the firm seeks to raise $4 billion at a $35 billion valuation. CoreWeave’s S-1 registration, filed with the U.S. Securities and Exchange Commission, noted that “any negative changes in demand” from Microsoft would “adversely affect” its business, finances, and “future prospects.” This week, the Financial Times reported that Microsoft withdrew some of its contracts with CoreWeave, citing dissatisfaction with certain deliveries. However, Microsoft still accounts for 65% of CoreWeave’s business and could pay the firm $10 billion for services under a multi-year agreement. Core Scientific stock (NASDAQ: CORZ) fell up to 13% to $8.32 as investors assessed the new risk from Microsoft’s pullback and bankruptcy reorganization concluded. The firm hired ex-Morgan Stanley veteran Jim Nygaard to oversee its balance sheet as CFO during this new chapter.

XRP is showing strong momentum in the cryptocurrency space, with a rising trend that follows Elliott Wave Theory. A recent technical analysis by XForceGlobal highlights three bullish scenarios, pointing to the potential for a major price surge and long-term growth. According to XForceGlobal, XRP’s price action is a well-structured five-wave impulse, which validates strong bullish strength. It initially created a descending triangle before breaking through a crucial resistance level, indicating a reversal of the trend. This break caused a rapid price rise, which was later followed by a short pullback. The trend then picked up its upward trend, solidifying XRP in the market. Fibonacci retracement levels help us to identify key levels of support and resistance, and there is information on likely price action. The Elliott Wave count shows XRP to be in a long-term trend of being bullish, with a short-term correction to come before the final wave is completed. Historically, these corrections have come before price spikes, and that gives us more confidence in XRP’s long-term future. By Fibonacci extension levels, analysts predict that XRP could go up between $3.90 and $4.80 before another decline. The price structure mirrors past bullish cycles , indicating strength in the current trend. If momentum continues, XRP may enter a sustained growth phase, drawing increased investor interest. The combination of Elliott Wave analysis and Fibonacci levels supports a strong upside potential. XForceGlobal noted that the latest market slump follows historical trends and is therefore more likely to follow up with a spectacular rebound. Fibonacci retracement levels indicate key areas where XRP’s price will react, providing future trading platforms. The final Elliott Wave impulse will spearhead the formation of a spectacular surge, potentially taking XRP to multi-year highs. Elliott Wave patterns provide a systematic approach to analyzing the market trend of XRP, allowing traders to forecast a change in momentum. Market watchers project that the long-term trend is positive, with price projections aligning with strong Fibonacci support and resistance levels. Fresh resistance levels will exist after completion of this wave cycle, impacting XRP’s subsequent market phase. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.