Bitcoin is attempting to close in on $100,000 per bitcoin. Pretty wild but also means that predictions of a $100,000 bitcoin by end of year should become a reality now. While I still expect a correction here at some point it's pretty clear this things going to be heavily bulled. The real kicker however is that altcoins still seem to be greatly under performing.
That being said there's a pretty good reason for that. When you start to look at alt coins all the centralized ones that should be killers of this blockchain or that blockchain continue to have outages and failures. Solona is well known for this and a so called Solana "killer" just did the same thing with a massive two hour outage on the SUI network.
This puts into question just how much these VC back blockchains are really worth and if they are over inflated, over promising and greatly under delivering.
A blockchain if decentralized and running as it should, should have zero outages and zero chance of an outage. This is what makes bitcoin so strong and powerful because it's core value comes from running for over 10 years without any real hiccups.