Bitcoin continues to reach new highs, while altcoins remain stuck at the bottom. Where are the opportunities!!!
With the election over and support from Trump, the crypto world has entered a new phase of growth. The DOGE, endorsed by Musk, has also seen a new increase, sparking renewed interest in the MEME sector.
Bitcoin is on the rise, while people are looking at their hands full of altcoins still at the bottom or even losing value. To be honest, this situation is quite frustrating. Some people are even thinking that if Bitcoin drops, altcoins will be unplayable. In fact, many share this sentiment. Ultimately, it boils down to the fact that Bitcoin's performance is too strong and hasn't driven the entire crypto market into collective growth; it's a solo bull market. The panic is understandable. Most people are optimistic in the long run, but the key question is: can you hold on until that time?
Comparing to 2021 during the last big run when Bitcoin hit 70k, altcoins were everywhere, with numerous stories of doubling in value and even tenfold or hundredfold returns. Looking at this round, with Bitcoin over 90k, altcoins are not even talking about doubling; they are instead facing downward trends. Not losing money is already outperforming 80% of people. This is why in this bull market, Bitcoin is so high, Ethereum is also high, yet altcoins are stuck in the bottom range, which indeed causes a lot of anxiety.
Next comes the consideration of how altcoins will perform. With Musk supporting the DOGE at the forefront of the meme sector, there is still potential in the long run. Additionally, the Musk sector is also worth paying attention to, as the next four years of his term (as Efficiency Committee Chair) can produce many new developments and drive a series of related cryptocurrencies to breakthrough levels. This is something you have to discover for yourself; I won't go into details here. Another area to keep an eye on is the Trump sector, which is also worth noting.
Besides the above, pay attention to the coins ranked 100–300. Dark horses often emerge when you least expect them. Why not recommend those within the top 100? Coins within the top 100 are mostly older coins from the previous round. While this is possible, those outside the top 100 to 300 are generally lower market cap, making it easier for them to emerge. When selecting, also consider the diversity; having multiple exchanges and decent liquidity is important. Furthermore, the team's background and project development progress are also factors to consider. That's all for today. Thank you for your continued support for me, Old Cat!