Matrixport: Little Possibility for Overall Altcoin Surge
On April 18, the latest Matrix on Target weekly report pointed out that since the US launched the Ethereum spot ETF, Ethereum's dominance has decreased by nearly 50%. The report states that over the past year, various altcoin narratives have emerged rapidly and disappeared just as quickly, all displaying a "sharp rise followed by a crash" pyramid price structure.
The analysis suggests that Bitcoin may remain in the $80,000 to $90,000 range in the short term, while the probability of a large-scale altcoin surge is low unless three liquidity catalysts occur: dovish signals from the Federal Reserve, growth in stablecoins, or an increase in macro liquidity. The report also points out that, unlike past bear markets, the regulatory risk for Bitcoin has significantly decreased, explaining why its performance during the current adjustment period is better than in previous ones.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Germany will participate in further releases of International Energy Agency energy reserves
The German Ministry of Economic Affairs stated regarding energy reserves that Germany will participate in the further release of the reserve volume already determined by the International Energy Agency (IEA) in March. They are currently working on approving the release of energy reserves.
Elon Musk stated that Terafab chip factory will be built and operated by his company.
Tesla and SpaceX CEO Elon Musk said on Wednesday that his companies will be responsible for building and operating the Terafab artificial intelligence chip complex, and TSMC (TSM.US) will only be allowed to sublease a portion of the facility at most. Terafab is a joint project planned by Tesla and SpaceX in Texas, aiming to build a "gigafactory" for AI chip production. In response to rumors that "TSMC is most likely to own and operate the factory," Musk replied: "No, we will build and operate the factory, there is absolutely no doubt about that." He added that TSMC may sublease part of Terafab if they wish, "but that's all." Last week, Musk revealed that there had been discussions with TSMC about potential collaboration on the Terafab project but did not provide further details.
Murata Manufacturing plans to invest JPY 9 billion to expand production of ceramic materials to meet AI demand.
According to Nikkei News, Murata Manufacturing, located in Okayama, will increase production of ceramic materials used for electronic components. With growing demand for AI-related components, the company plans to invest about 9 billion yen to expand its production lines. Construction at the company’s headquarters factory is scheduled to begin in October, with the goal of starting operations in April 2028. The scale of the added production capacity has not been disclosed. The company’s ultra-fine, high-purity ceramic materials are widely used in products such as multilayer ceramic capacitors (MLCCs), and Murata Manufacturing holds the largest global market share in the MLCC sector.
Murata Manufacturing plans to invest 9 billion yen to expand production of electronic component ceramic materials.
According to Nikkei, Murata Manufacturing, located in Okayama, will increase production of ceramic materials used in electronic components. With demand for components related to artificial intelligence (AI) expected to rise, the company will invest approximately 9 billion yen to expand its production lines.
Crypto prices
More
