The madman says…
The great gods are flying everywhere, it's not that the teachers are so powerful, but rather the profit-making effect of the market. This actually belongs to what we call the peak season for competitive coins. The more insane the emotions are, the more calm one must be. It's possible to chase highs, to FOMO, to go heavy, but remember to set stop losses. Such a fierce surge, if you find yourself at the top of the mountain, you might have to stand guard for a few years. In the end, only those who suffer know the pain. It doesn't matter what's above; what's important is to go against human nature. Don't think that a bull market necessarily means making money. There's a saying that the easiest time to lose money is during a bull market. So if you're wrong, be sure to cut losses; accept your losses rather than averaging down.
Talking about $ETH, in the past week, $XRP surged 90%, $ADA 34%, $AVAX 24%, $TRX 14%, $SHIB 16%, $XLM 13%, $DOT 22%, $LINK 33%, $HBAR 171%, $LTC 39%. This is the situation for the top 20 by market cap, aside from 2 stablecoins and Bitcoin and Ethereum, there are 16 left, among which 10 major projects surged over 10% in a week. This means that the probability of Ethereum catching up is increasing. Currently, Ethereum has only risen 6% in the past 7 days, while BNB and TON are also similarly weak. Other projects, although they didn't rise this week, had previously surged, such as SOL, DOGE, BCH, and SUI.
If the big players pull together, if the top 20 by market cap collectively surge by 50%, Bitcoin's share will drop below 40%, and the bull market's benefits will end. Now it's decreased from 60% to 54%. I wonder if everyone feels the wealth effect? If not, consider switching positions. This bull market will not benefit all competitive coins. The funding style is different from previous bull markets. If you want stable returns, you can buy a basket of assets supported by Grayscale Trust. Those are things that institutions might participate in. As for the smaller ones lying on the ground, it’s likely that only the last chance of catching up remains.
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"[The Madman Says Trend] The peak season for competitive coins has arrived, and the probability of Ethereum catching up is increasing." This article was first published on (Block客).
