Don't compare the bull markets of 2017 and 2021 with the current market.
Although I mentioned the starting point of altcoin trends in early August, many altcoins' rises are just fleeting, similar to the Tyndall effect.
Currently, the large-scale influx of capital is not obvious, retail participation is relatively low, and the consolidation period is also relatively long. The narratives of these old coins still dominate, and they are mostly familiar faces.
The focus now is that the bull market cycle is still ongoing; the consolidation process is actually an opportunity. But how long this consolidation will last is anyone's guess.
For those altcoins that have already seen significant increases, it is no longer recommended to chase prices; if you miss it, you miss it.
The real opportunity lies in those new coins facing FUD (fear, uncertainty, and doubt) consolidations. As long as this wave of consolidation can completely end, forming a daily bottom and consolidating for a while, participation can be considered. These types of new coins at least have the potential to double.
The core direction remains in L1, public chains, RWA, and the AI field.