Recently, there has been quite a bit of activity in the altcoin space. Dash achieved a 35.98% increase in a single day, and smaller cap coins like Dolomite surged even more, soaring by 52%. In comparison, Bitcoin remains stagnant around $91,000, with a lackluster market.

This phenomenon is actually easy to understand—when the flagship BTC is not moving much, speculative capital will inevitably find other outlets. Liquidity flows like water to the low places, moving from blue-chip assets to mid- and small-cap coins, which is common during the mid-stage of a bull market. Capital rotates seeking higher beta returns, and this logic itself is sound.

But one thing needs to be carefully considered: Is this wave of altcoin hype sustainable?

Honestly, Dash itself has no new story and no technological breakthroughs. The surge is purely driven by technical breakouts triggering follow-up buying. XRP has gained 1% and is building momentum, but it also lacks new catalysts to continue the rally. In contrast, ETH and SOL are performing more modestly, with some selling pressure, indicating that market confidence in mainstream Layer 1s has not fully recovered.

There is a risk worth noting here: if Bitcoin cannot hold the $90,000 level, these altcoin gains could quickly evaporate. Short-term speculation can be participated in, but don’t expect to hold heavy positions at the peak. Market opportunities are fleeting, and greed is often the biggest enemy in trading.