The outbreak of altcoins often follows the high point of Bitcoin. We can divide it into three stages:

Stage 1: Bitcoin is the only one to take the lead. Estimated time: halving in 2024 to early 2025. This is a market dominated by Bitcoin, most funds are chasing "digital gold", and altcoins are in a dormant period.

Stage 2: Smart contract awakening led by Auntie. Estimated time: first half of 2025. Institutional funds flow to smart contracts and infrastructure assets.

Stage 3: Alternation of madness and despair. Estimated time: mid-2025 to the end of the year. Retail investors enter the market in large numbers, "demon coins" bloom, and funds rotate rapidly. At this time, the ability to distinguish opportunities from traps is particularly important.