🔥🔥The bull market may have come to an end: Is the altcoin carnival over?
Currently, concerning signs indicate that this round of the bull market is likely nearing its conclusion, and the bull market for altcoins may also be drawing to a close today.
A close examination of Bitcoin's daily trends shows a pattern of rising to a peak and then falling back, followed by a brief rebound before descending again. If this downward trend continues over the next three days, the probability of the market entering a bear phase will significantly increase.
Over the past month, altcoins have generally experienced substantial increases. Even with today's drop in Bitcoin, there are still 25 altcoins that have risen over 20%, and more than 1,100 cryptocurrencies are in an upward trend, with only about 140 showing declines. However, this might just be the last crazy moment for altcoins. During this month, altcoins have generally doubled in value, with standout coins seeing increases of 3 to 7 times; even relatively underperforming coins have risen by around 30%. But with Bitcoin's weakening performance and the overall diminishing momentum in the market, this wave of altcoin growth may be difficult to sustain, and the previously prosperous scene may soon dissipate.
Consider small investments in Puppies (Ethereum chain), as this coin was mentioned in Musk's tweets, and both Trump and Vitalik Buterin hold this token, suggesting an impending surge.