At present, mainstream digital currencies such as Bitcoin, Binance Coin and Ethereum have hit new highs, which is undoubtedly a clear signal of market prosperity. However, at the same time, the altcoins in the hands of many investors have performed mediocrely and have hardly made any moves. This sharp contrast has caused some investors to question whether the current market is really in a bull market.

But in fact, even if the market is in a bull market, the performance of altcoins does not always rise synchronously. From a historical perspective, the "carnival season" of altcoins often appears in the late stage of a bull market. In this round of bull market, this rule also applies.

In the early stage of the bull market, the market's attention is mainly focused on the large-cap Bitcoin, and its price often rises first. As the bull market deepens, some digital currencies with actual value (usually referred to as "value coins") will gradually catch up and show a strong upward momentum. In the late stage of the bull market, it is the time for altcoins to truly show their charm. Various types of altcoins begin to bloom and the market activity reaches its peak.

Judging from the current market situation, mainstream digital currencies such as Ethereum have not yet fully broken through historical highs, which means that market funds will still be concentrated on those undervalued high-quality projects.

For investors holding altcoins, it may not be the best time yet. Only when the top three digital currencies (Bitcoin, Ethereum, Binance Coin) in terms of market value all break through their historical peaks and continue to create new records, altcoins may usher in a real spring. Before that, investors need to be patient and pay close attention to market dynamics in order to make decisions at the best time.

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