Brothers, good afternoon! The long-silent altcoin market has finally revived.
Taking advantage of the adjustments in BTC and meme segments, funds are rotating into Ethereum ecosystem tokens and niche altcoins. However, some old altcoins, such as XRP, ADA, XLM, EOS, have seen even larger increases, with XRP even returning to the top three by market cap, reaching a total market cap of $250 billion.
These tokens have a characteristic: after a long period of bottom consolidation, without any hotspots or concepts, retail investors' holdings have dwindled, and the whales are in high control, so even if the market cap is large, the resistance to driving prices up is relatively small.
But will this prematurely end the altcoin season?
BTC has risen, memes have risen, Ethereum altcoins are also catching up, and now the old niche coins are starting to soar, is it the last round of rotation?
Compared to before, this round has seen more VC altcoins and meme coins, which to some extent has disrupted the original rotation order, but the market trend and cycle generally do not change.
With XRP taking the lead, successfully surpassing SOL, its market cap ranking has risen to third, and the valuation ceiling of the altcoin market has been completely broken.
When Bitcoin drops a bit, MEME coins overall drop a bit, and the spring of VC coins has arrived.
So, during these recent Bitcoin pullbacks, when everyone started to panic, I always encouraged everyone to stay calm. If you can maintain your composure during this time, you basically win over 80% of retail investors' mindset. The whale operators have indeed achieved this; Bitcoin and memes have fallen, but VCs have rotated instead, likely after many retail investors were scared out and sold before they started to drive prices up.
Mainstream VCs and established altcoins have recently seen huge increases, with monthly gains of 100% being the minimum, and Dash has doubled in just a few days.
The surge in niche old coins does indicate certain market risks; the wind can blow in quickly, and it can leave just as fast. Especially since this round of altcoin season lacks ecological narratives, the number of coins and total market cap is much higher than in the previous cycle, relying purely on capital to drive prices seems a bit hollow.
But when will the market end? It's hard to say, it requires obvious negative news or a general squeeze in contracts. Some old coins that have risen significantly in the short term can consider reducing positions to secure profits.
Let's talk about Ethereum ETH.
In the past week, XRP rose 90%, ADA 34%, AVAX 24%, TRX 14%, SHIB 16%, XLM 13%, DOT 22%, LINK 33%, HBAR 171%, LTC 39%. This is the situation among the top 20 by market cap; excluding 2 stablecoins and Bitcoin and Ethereum, there are still 16 left, among which 10 large-cap projects rose over 10% in a week.
This also means that the probability of ETH catching up is increasing; ETH has only risen 6% in the past week, and BNB and TON are just as weak. Other projects, although they haven't risen this week, have already increased earlier, such as SOL, DOGE, BCH, and SUI.
No matter what you are trading, focus on the leaders:
For example, in the Meme sector, pay attention to the leading ones like Pepe, Doge, Shib, Pnut, Chillguy, etc.
In the DeFi sector, focus on Uni, Aave, Link, Crv, Ens, etc.
In the public chain space, attention should be paid to Sol, Sui, Algo, etc.
As Ethereum enters a slow oscillation upward, it is more suitable to look for those popular sectors that are relatively resilient to declines to buy in batches, seeking higher returns in the upcoming rapid rise of Ethereum!
Missing out on XLM, XRP, and ADA is fine; focus on the market, or you will miss out on more.
These 3 altcoins: bullish breakouts of 10-100 times returns are about to arrive!
1. ONDO
ONDO has risen 36% in the past 24 hours. Its 24-hour low and high prices were $1.154 and $1.784, respectively. ONDO's market cap is $2.39 billion, with a 24-hour trading volume of $693 million.
In RWA, there's the new leader ONDO supported by BlackRock. Among the entire altcoin sector, the projects that BlackRock has openly participated in might only be ONDO. A large amount will unlock next year, and currently, the market is mostly worried about the trend after unlocking. Personally, I believe that unlocking is a double-edged sword; when the circulation increases, it may suppress long-term prices, but it must also rise to support capital exit.
2. VET
In recent weeks, VET's price has surged by 129.82%, reigniting people's enthusiasm for this once-considered 'old coin'. Such outstanding performance demonstrates its resilience in the highly competitive blockchain field, and its increasing importance.
Leading data aggregator Coincodex predicts that by March 2025, VET could rise to $0.1, with a potential return rate of up to 293%. For investors, this means that an initial investment of $1,000 could grow to $2,691 in two years.
3. LTC
LTC Litecoin has shown extraordinary strength in the cryptocurrency market, with its market cap expanding by $1 billion in the past week.
A 15% increase pushes the price to an important milestone of $119.64, a level not seen in two years. This price movement creates an interesting dynamic between the behavior of long-term holders and the ongoing market momentum.
Litecoin LTC has reached a two-year high, coinciding with the distribution phase for long-term holders. Although long-term holders are clearly in a distribution phase, the technical structure of the Litecoin market remains evidently positive. Prices continue to trade above the Ichimoku Cloud, which is a comprehensive technical indicator that combines various factors to assess trend strength and potential support/resistance levels.
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