Recently, the strong breakthrough of Ripple's XRP has undoubtedly injected a shot of adrenaline into the entire cryptocurrency market.
It not only surpassed the highs of the last bull market in one go but also exceeded SOL in market capitalization.
The rise of this old-school altcoin has undoubtedly given investors in the market a new hope.
Amidst the excitement, we should also rationally view this wave of market movements.
Firstly, for altcoins that have already surged wildly, such as $XRP, one should refrain from blindly chasing high prices. The market is always full of uncertainties, and any blind chase for gains can bring unpredictable risks.
Timely profit-taking and locking in profits is the wise move.
For those altcoins that have not yet rotated, patience can be maintained, continuing to hold and waiting for further market fermentation.
The monthly index of altcoins has risen to a risk level of 84, indicating that risks in the market are gradually accumulating.
For investors, good risk control and reasonable asset allocation are particularly important.
For those altcoins that have already surged wildly, timely profit-taking is essential.
For those altcoins that have not yet rotated, maintain patience and continue observing.
Although many altcoins have recently seen doubling or even exponential increases, this does not mean that the real "altcoin season" has arrived.
From the current market structure, this is merely a point explosion, rather than a comprehensive and systematic change in market structure.
The real "altcoin season" needs to meet more conditions, such as a sustained decline in Bitcoin's market share and a clear turning point in the moving average system.
The previously laid out bonk, doge, xrp, wif, apt, and op are also quite good,
The next layout direction will still aim for the high profits of altcoins together with the fan base, especially those projects with great potential. Doubling is quite simple; don’t be like a headless fly bumping around everywhere. Prepare for next month's interest rate cut; I will escort you throughout the process, making it easy for you to get on board and enjoy the bull market dividends together!
