In the process of bull market development, it can be roughly divided into the following stages.
In the first stage, Bitcoin took the lead in rising and led the market, and the public chain followed suit, and then Bitcoin would enter a phased shock adjustment.
In the second stage, the public chain became the main force leading the rise, and Bitcoin followed the rise.
In the third stage, Bitcoin and the public chain maintained a sideways state at a high level, and at this time, the altcoin began to exert its strength and rose explosively.
In the fourth stage, the bull market ended and the bear market came.
In terms of the current market situation, I think it is still in the first stage. The current market presents a strange scene of ice and fire. On the one hand, the Bitcoin and meme tracks are extremely active and lively. With Musk's successful bet and Trump's coming to power, Dogecoin (doge) was like a magic, and the price quadrupled in just 10 days, and it still maintains a strong momentum. On November 13, Pepecoin (pepe) also ushered in a sharp rise, with a single-day increase of more than 90%. However, on the other hand, most altcoins performed poorly. They kept pace when falling, but did not move when rising, just like struggling in a quagmire, half dead.
The core reason behind this phenomenon has been analyzed in detail by Lao Xu in the previous two articles. At present, although the Federal Reserve has cut interest rates twice, it is still in a high interest period overall, the market is in a state of liquidity shortage, and funds are locked in areas that can bring strong and stable returns.
Bitcoin is favored by major institutions as a low-risk asset similar to treasury bonds because of the passage of ETFs. In this global high-interest cycle, there are investment options with low or even risk-free returns everywhere, and high-risk assets such as altcoins are naturally ignored. As for the explosion of meme coins, it is just a traffic trick played by vested interest institutions in the encryption field, followed by scams and pyramid schemes to make up stories of getting rich, and finally it is a performance art of the leeks using consensus to fight against the high FDV plates of institutional VCs.
If you want to seize this bull market, it is definitely too late to learn and sell now. It is best to have someone to guide you to get started quickly.
I am David, welcome to communicate!