The real bull market is still to come, and now is just the appetizer. Your best option is to fire your bullets in batches. Remember, a decline at this stage must be a good thing. Here are three levels:
1. Bring in fresh blood: The decline is a feedback from the market supply and demand, which means that the upward force driven by BTC in the last stage has been slightly weak. There are too many profit-taking orders, and fresh blood is needed. It also requires clear leverage and those with weak will. However, the best way to attract fresh blood is to increase the rise and burst. Therefore, when a stage reaches the top of the stage cycle, MeMe will appear. BTC plays the role of conquering you; MeMe plays the role of high burst, so Meme is the craziest recently, which makes sense;
2. The decline is for a better rise: The distinctive feature of the bull market is that there will be at least two to three major adjustments midway during the entire process. After each adjustment, it will continue to advance; if it falls, it will re-consolidate or fluctuate downwards. Only then can some unsteady people lose their chips and wealth can be redistributed. Unless it is the last decline, the previous declines are all for better rises, and then they are higher each time. When the last adjustment is made, the bull market will end and fall off a cliff; so in the bull market, do not judge the short cycle, only judge the emotion. The top of value should be benchmarked against the high of historical data, and it is only right to think more about strategies to escape from the top every day;
3. Get more chips: The essence of finance is not that money disappears, but that money is transferred; why does it fall? Because we need to get more chips and let more market participants enter the market, so that the next round can break the shackles of 100,000; why does it rise? Once we get enough chips, we need to start the market. As for what good news to use to push the market and how high it will go, it is just an operational issue.
8 Altcoins with High Potential for Explosion in 2024
INJ
Injective Protocol has gained traction in the decentralized finance (DeFi) space with its fully decentralized trading protocol supporting margin trading, derivatives, and futures. INJ is well-positioned to benefit from the growing demand for DeFi products, potentially making it a profitable investment.
LINK
Chainlink has become a key player in the decentralized finance (DeFi) space by providing reliable, tamper-proof inputs and outputs for complex smart contracts on a variety of blockchains. Its decentralized oracle network role makes LINK a valuable asset, especially as demand for data-centric blockchain applications continues to grow.
DOT
Polkadot stands out in the blockchain space, known for its unique interoperability and scalable multi-chain technology. Unlike other platforms, Polkadot enables cross-blockchain transfers of all types of data and assets, not just tokens. This capability makes DOT a key contributor to creating a more interconnected and efficient blockchain ecosystem. With the halving approaching, Polkadot's innovative approach may soon drive substantial growth.
VET
VeChain's innovative blockchain network revolutionizes supply chain management and enterprise operations. With a track record of widespread adoption and expansion plans for 2024, VeChain offers impressive growth potential. Analysis projects a massive 2x to 10x increase in VET's price in 2024, making it a promising DeFi cryptocurrency investment.
BE
Sei has launched a layer-1 blockchain tailor-made for cryptocurrency traders, boasting unparalleled speed and efficiency in workflow. SEI, Sei's native token, has shown significant growth and is likely to appreciate further in 2024. As an emerging network, Sei is positioning itself as one of the best altcoins to invest in.
STX
Stacks is dedicated to running smart contracts and dApps on the Bitcoin network, providing strong security similar to Bitcoin itself. STX tokens have a large price volatility and have the potential to continue to grow in 2024, making Stacks an attractive investment option.
MATIC
Polygon promotes the development and connection of blockchain networks compatible with Ethereum, prioritizing faster and cheaper transactions. For investors seeking innovative solutions in 2024, the transition to the new POL coin with a “re-staking” feature enhances Polygon’s appeal as a top altcoin.
DONE
Fetch.ai (FET) is a decentralized machine learning network that aims to democratize access to artificial intelligence (AI) technology. Launched in 2019, it creates an open, permissionless environment for users to connect and leverage the global data network through autonomous AI agents.
Market analysis:
BTC currently only has support around 61000 and 58000, and there is no more evidence to prove that 60775 can be the lowest point of the entire band, so the market needs to run, and it is still mainly based on batch bottom-fishing and observation. ETH perfectly falls into the 3358-2900 range. Currently, a batch of chips has been added, and the second batch of chips is still temporarily suspended near 2900. If it does not reach the real-time notification, it will prevail.
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