1 Price history of altcoins:

The highest prices of some altcoins often do not appear when Bitcoin reaches its historical high, especially projects like UNI and DOGE that have experienced a round of hype. In this outbreak, various Layer 2 solutions and modular technologies with Bitcoin ecology as the core have become the focus.

2 Consequences of failing to sell at high points:

If you fail to sell at the high point of the altcoin, the price of the second attempt to escape the top is often not ideal, and there will usually be at least 20% price retracement. Many people may just get back their money or even lose a little money.

3 Historical highs of altcoins:

The price high of most altcoins was in May 2021, while the historical high of non-Bitcoin was in November. In fact, Bitcoin was already in a downward trend in May 2021, which led to the high point of altcoins.

4 Market behavior of altcoins and Bitcoin: The last round of altcoin carnival period reached a high point at the same time as Bitcoin, which may be a sector that has been in a slump before, such as the previous wave of chain games and NFTs.

Operation suggestions:

Face the market realistically:

Don’t blindly believe that Bitcoin has not reached its peak yet, and that altcoins will create new highs again.

Treat it rationally:

Don’t be obsessed with the historical highs of altcoins. Timely unwinding or a small loss is already a good result.

Avoid fantasy:

Give up unrealistic expectations and stop profit in altcoins in time, because long-term holding of altcoins is equivalent to looking for rare gold in many projects, but in fact most projects eventually go to zero, and the loss may exceed 90%.

Another chance for hot sectors:

After a round of speculation, it is difficult for hot sectors to return to their highs again, and even the rebound strength will be greatly reduced.

Consideration of future opportunities:

Those sectors and new projects that have been depressed for a long time may still have a crazy opportunity, and investors can keep paying attention.

If you want to know more about the relevant knowledge and first-hand cutting-edge information of the currency circle, please consult me, click on my bamboo leaf, we have the most professional currency circle community, publish market analysis every day, and recommend high-quality potential currencies. If you also want to cross the bull and bear markets, watch others sink to the bottom in the bear market, double your profits, and get rid of the shackles of bull and bear markets. #美国以太坊现货ETF开始交易 #美国大选如何影响加密产业？