When will the altcoin bull market start, and what spot can we enter?
In September 2024, this round of interest rate cuts will begin, coupled with the new pro-crypto attitude of the American president, Trump. The tapering in Q1 next year may be nearing its end, along with spot ETFs. Although there hasn't been any liquidity injection yet, it has finally shifted from tightening to easing, making the new four years very promising.
Bitcoin, $SOL, $BNB, and the new public chain $SUI have already risen, driving the gains in the meme sector, while other sectors are relatively quiet. As we analyzed earlier, there is a need for Ether to make a move. Coincidentally, Ether is currently gaining momentum, seemingly starting the second wave.
Since Ether has started its second wave of growth, given the larger context, a broad rise across all altcoin sectors is highly probable. However, if we want to identify a specific sector that performs well, it is worth choosing: new and old public chains, memes, Layer 2 projects on Ether, and AI-related projects (like AI + memes).
What the crypto market is speculating on often ultimately reflects on specific coins, so how do we identify which sectors the crypto market will speculate on next? Look at the projects listed on Binance, as well as the overall U.S. economy and major media reports in the U.S.
In grasping the new narratives and sectors of the market, Binance serves as an industry barometer, and its liquidity support cannot be questioned.
More importantly, U.S. information is crucial. Just to point out, the rise of Dogecoin and PNUT speaks volumes. So it is essential to pay attention to this. As for $SOL, let's not forget that this is a project created by powerful U.S. capital investment and market makers; in fact, $SUI, $APT, $OMNI, $ALT, and others are also part of this.
Timing and selecting coins have been noted; getting on board is not difficult, but what about getting off? For any project, one must consider the larger market context, the relevant sector, the exchanges it is listed on (Binance, Coinbase, Upbit, OKX), the market makers involved (considering the nature of market makers), the ceiling of the same sector, and the narrative prospects of the sector to calculate potential valuations. No project can continuously rise; there will always be a need for consolidation, even Bitcoin is subject to this. The market is counterintuitive; succumbing to FOMO emotions is detrimental, very detrimental.
