Will altcoins crash? How should we position ourselves?
Currently, there are two directions:
First, if Bitcoin continues to be strong while altcoins perform poorly, we can only wait patiently.
Second, if market funds shift towards Ethereum, Ethereum might rise, and altcoins could also follow suit. At that point, we can consider chasing the upward trend. However, if Bitcoin corrects, the correction of altcoins will be more severe, potentially leading to significant declines. In the absence of clear direction, we can only wait for now.
Third, consider positioning in the primary market for meme coins, especially those with trending themes, such as dog-themed coins related to Musk. For example, SHIB surged to a market cap of over 100 billion due to exposure from Musk's tweets, and the current Squirrel Coin has also risen to a market cap of 3 billion. From now until Trump takes office in January next year, market expectations are bullish.
Previously, we analyzed that the U.S. is treating Bitcoin as a strategic reserve, and other countries may follow suit in purchasing it. Additionally, many publicly traded companies, such as giants like Microsoft, have also begun buying Bitcoin. Therefore, Bitcoin is expected to continue reaching new highs next year.
There is no need to worry too much about the decline of altcoins; when Bitcoin stagnates, altcoins may rise. According to historical patterns, every time after a halving, altcoin season begins seven months later, and Bitcoin's dominance starts to decline. This halving occurred in April, so seven months later, in November-December, altcoins may rise significantly, but the time frame is short, requiring early positioning.
Keep pace with the dog-themed puppies related to Musk and seize the opportunity.
At the same time, we are also looking for meme coins on the Ethereum chain, holding Musk-themed dog puppies until the end of next year's bull market, making 30 times profit is not difficult.