Bitcoin has been hitting new highs, but the entire market is surprisingly calm. It is found that most altcoins are falling. Ethereum has not been able to stand firm at 4100 so far. Sol has also been falling recently. The meme sector is no longer as popular as before.
The recent altcoin market is a waste of time
Historically, most of the time, altcoins have fallen and adjusted, and only a very small part of the time will they rise rapidly.
Some coins may fall for half a year, and then soar for only one or two weeks. At this stage, copycat coins can be described as useless.
The cryptocurrency market is about to become a bull market for Bitcoin alone. There is more and more consensus on Bitcoin, and more and more traditional financial institutions are entering the market.
But their funds flow in and out through ETFs, and no longer flow into altcoins in large quantities like before
Many people believe that the cottage season is definitely coming, so they think staying in the car should be the best choice.
But historical experience often shows that violent bull markets are often preceded by bloody storms.
At this stage, many altcoins have risen a lot, and there may be another wave later, but now it is incomparable with 21 years and 17 years.
In 2017, you could buy it several times as much as you wanted. In 2021, more than half of the counterfeit stocks have skyrocketed.
24 years, 25 years may be even less, most people may buy counterfeit goods that cannot outperform Bitcoin
Bitcoin is fluctuating at a high level, which was originally a good opportunity for altcoins to surge and pull up the market, but they collectively chose to fall and fluctuate. If this wave goes up, it must be a good time to sell!
As long as Bitcoin slightly corrects, the altcoin may plummet, which is also common in history.