Altcoin has just started – Big waves are still ahead
Main reasons:
- Investors have not reached excitement: Most are still suffering losses or just breaking even, and there is not enough enthusiasm to attract more strong capital.
- Cautious mentality: Many people prioritize short-term trading (wave trading) instead of holding long-term.
- Technical charts have not exploded: Altcoin on the weekly frame (W) has not entered a growth cycle (Bull Cycle). It needs an additional 2-3 months of upward waves for the chart to rise sharply.
- Total market capitalization (TOTAL market cap) has only nearly reached the previous peak, showing no significant capital inflow.
- Old coins and new coins have not broken out: Old coins have not surpassed their peaks, and new coins have not created strong upward cycles or "Ponzi" waves to stimulate the market.
- Great opportunities are still ahead: Factors like halving or the U.S. elections still have room to drive the market to continue growing.