The cryptocurrency market experienced an astonishing recovery in 2024, with the overall market capitalization soaring from $1.8 trillion in January to $3.9 trillion in mid-December. This surge was mainly led by Bitcoin, which has increased by as much as 160% from the beginning of the year, and the strong upward trend has also rejuvenated many previously stagnant or underperforming cryptocurrencies.
According to past patterns, the startup phase of a bull market is often accompanied by an increase in Bitcoin's market share, as more funds flow into Bitcoin, the core asset of the market, during this phase, while the performance of other tokens lags behind. When Bitcoin's market share reaches a peak, market liquidity and investor sentiment often approach a critical point. At this time, investors begin to take profits, Bitcoin's market share declines, and the market gradually shifts funds towards altcoins, forming what is known as 'Altcoin Season'.
Which altcoins can be bought in 2025?
Dogecoin has once again become the 'ace'.
The well-known meme coin Dogecoin ($DOGE) is experiencing an astonishing rebound in 2024, surging over 350% from a low of $0.081 in January to a high of $0.466. Several positive reasons are behind this surge, including political, technological, and cultural news.
Trump is about to take office, and the cryptocurrency-friendly government he leads will represent a significant shift in the US regulatory attitude towards cryptocurrencies.
Currently, the trend pattern of Dogecoin is similar to the previous bull market cycle, during which the coin saw a nearly 7,000% increase. If the trend continues next year, Dogecoin may rise to $1 or higher, setting a new historical high.
Ripple ($XRP) has accumulated a 350% increase riding the wave of regulation.
Ripple ($XRP) has risen over 350% since the November US elections, ascending to the position of the third-largest cryptocurrency by market capitalization, surpassing Tether ($USDT) and Solana ($SOL).
$XRP's surge has been driven by many positive news, including an optimistic regulatory outlook, the launch of strategic products, and strong technical momentum.
In addition, US District Judge Analisa Torres ruled that the sale of $XRP on public exchanges does not constitute a security, bringing a turning point for Ripple and the entire crypto industry regarding regulation.
If it breaks through $2.60, it may trigger a new wave of upward momentum, and the price is expected to double.
Hedera ($HBAR) returns to the top 25 by market capitalization.
Hedera ($HBAR) has recently risen and is becoming increasingly prominent in the DeFi market. From November to December alone, $HBAR surged over 800%, maintaining a remarkable growth trend throughout 2024.
One of the most noteworthy developments for Hedera is the potential listing of a spot HBAR ETF. Valour Funds has applied for a physically-backed product on the Euronext exchange in Europe. At the same time, Canary Capital's application for a US $HBAR spot ETF has also generated significant market expectations.
$HBAR's total locked value (TVL) has also seen substantial growth, soaring from $53 million in January to nearly $200 million in December, primarily benefiting from platforms like Stader, SaucerSwap, and Bonzo Finance in the ecosystem.
Since Bitcoin does not fall when it drops, it indicates that altcoins have reached a relative bottom. Bitcoin cannot keep falling indefinitely, and it will rebound. When Bitcoin rebounds, altcoins will rebound even more.
The only thing we can do is to clarify which stage we are in and make corresponding operations and judgments based on the hotspots of that stage.
As for when the final chapter will come after the noise, that is an unpredictable question, and worrying about it is pointless. After all, someone always pays the bill at the feast, and someone always profits from the trend.
Grasping the trend is the main theme of the crypto market.
Recently, many friends have been stuck and said they would come to find me to join the group after they get out. I just want to say you are still playing without rules, waiting only for a violent rise to break even. You can just play with your eyes closed; you won't lose much in a bull market as long as you don't rush in right at the end of the bull market.
If you're just trading coins for fun, getting out of one coin and jumping into another pit, primarily for entertainment, there's really no need to join any groups, let alone pay to join mine. You can just keep playing.
There is no such thing as a free lunch; free is often the most expensive.
If you want to seize a market trend and make some money for the New Year, I might be able to help you. Then, during the New Year's Eve dinner, you can sit at the main table, and on the second day of the New Year, you can start eating first at your father-in-law's house.