Friends holding altcoins, please pay special attention to BTC's trend, as it has a significant impact on altcoins. Here are several possible scenarios and related data:
1. When BTC breaks through 100,000 and then pulls back around 5,000 points, typically, altcoins will initially rise by about 5% along with BTC. For example, in past similar BTC breakout pullback markets, some altcoins like Litecoin and Ripple had experienced similar degrees of follow-up gains.
However, when BTC pulls back, altcoins often plummet, with a drop of around 15%. For instance, on November 21, 2024, when BTC's dominance reached a new high of 61%, altcoins experienced a sharp decline, led by meme coins.
2. When BTC fluctuates in the range of 97,500 - 99,500, during BTC's oscillation period, altcoins have the opportunity to welcome a better market. Some altcoins might surge by 15% - 35%. Historical data shows that during the period from April to May 2021, BTC fluctuated in a similar range, and at that time, mainstream altcoins like Ethereum saw increases of about 20% - 30%. However, not all altcoins can achieve such gains; some niche altcoins may have smaller increases or even no increase at all.
3. If BTC directly pulls back 5,000 points from the 99,000 position, in this case, when BTC rises, altcoins may see very little increase or even remain stagnant, while when BTC pulls back, altcoins will plummet like a waterfall by around 15%. For example, on November 21, 2024, as BTC continually reached new highs, altcoins performed poorly overall, with a large amount of market funds flowing into BTC, leading to a shortage of funds in the altcoin market and a price drop.
In summary, the performance of altcoins is closely related to BTC's trend. Everyone should closely monitor BTC's movements in order to adjust investment strategies in a timely manner.
Currently, I am closely monitoring the dynamics of the cryptocurrency market and plan to select potential altcoins for investment. After in-depth research, some emerging coins show a steady increase in daily trading volume and rising popularity on social media, with the potential for short-term doubling. At the same time, I am also looking for high-quality altcoins that have a space for a tenfold increase before the end of the year. By evaluating their technological innovations, teams, and application prospects, I have identified some with unique advantages in DeFi product design, cross-chain technology, etc., which could have significant appreciation potential if development goes smoothly. However, the cryptocurrency market is unpredictable, and investment decisions must be made with caution, weighing multiple factors, and one must never blindly follow trends.
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