Pay attention to the bull market opportunities of altcoins:
Looking back at the data of the past few years, it is not difficult to find that many altcoin projects have achieved amazing growth during the bull market. For example, in 2021 and 2020, about 90 projects opened on Binance, 10% of them rose by more than 100 times, 22% rose by 30-100 times, and the proportion of projects with an increase of more than 10 times was as high as more than 50%. Among these successful projects, the public chain L1 project occupies an important position.
After the bear market in 2022 and 2023, we ushered in the bull market in 2024. Bitcoin (BTC) has rebounded from its historical low to around US$73,000, and mainstream currencies such as BNB and ETH have also shown a strong upward trend.
In such a market, we should be bolder, because the market always rises quietly when you hesitate. If you miss the opportunity to get on the bus, the risk of missing out will increase.
In the next market, the trend of Ethereum (ETH) will attract much attention. Whether it starts from a new low and breaks through the historical high, or goes up directly after a narrow consolidation, its target price is expected to reach around $7,500 by the end of the year.
Once this price is broken, the top of the big bull market may end this round of bull market around $10,000 to $12,000.
While pursuing returns, we should also pay attention to risk control. Don't blindly invest in altcoins in pursuit of gains, but allocate positions reasonably according to your own return goals and risk tolerance. When the altcoins in your hands outperform Bitcoin or Ethereum by a large margin, you can consider changing positions appropriately to obtain higher returns.
We must understand one thing: never look at the growth space of the bull market with the eyes of a bear market. With the current extremely shrinking trading volume, the time point for the change is getting closer and closer. No matter how the market changes, the general direction is always upward. Therefore, as long as we stay calm, invest rationally and hold high-quality projects and wait for the day of take-off!
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