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QCP Capital: Funds are accelerating into mainstream alts, with ETH and SOL leading the rise.
According to TheBlock, QCP Capital pointed out that funds are rotating from Bitcoin to mainstream altcoins, driven by a rebound in the market, boosted by slowing inflation and the US-Saudi trade deal. ETH, SOL, and XRP are up 58%, 35%, and 23%, respectively, this month, significantly outperforming BTC’s 22%. Analysts say that ETH’s fundamentals are sound, or it may become the key direction of capital allocation in the next stage.