The Golden Era of the Secondary Market
In the past few weeks, I've only been sleeping 4 to 5 hours every night. Besides being fully invested in spot, I've also opened contracts for more than ten altcoins, and aside from a few losses, the rest have seen significant profits, with many doubling.
I am well aware that this is the golden era of the secondary market, the easiest time to make money in the entire bull market. Even the trillion-dollar market cap TRX has doubled in a day, and the market's enthusiasm is evident; those focusing on petty gains, first-tier coins, meme coins, and arbitrage should step aside.
The main characteristics of the market are:
1. Old coins, those issued before the last bull market, with a circulation exceeding 50%. Even ancient coins like EOS, XLM, and NEO are surging, while Binance's new coins have hardly increased.
2. The integration of blockchain with the real world: RWA/DEPIN/DEFI are at the core. The stablecoin sector MKR/CRV/RSR/TRU collectively surged yesterday, and the DEPIN sector’s XYO/IOTA continues to rise significantly.
3. Coinbase has spot trading, as seen from the XRP trading volume indicating that U.S. capital is leading this round of market movement.
We are currently in the first phase of capital accumulation, and there will be a second phase of altcoin rallies. The market is expected to continue at least until the first quarter of next year. Forget about BTC and cherish these months of the altcoin golden era.
