The craze for altcoins often erupts suddenly after Bitcoin reaches a peak. We can break this process down into three stages:

Stage One: Bitcoin Shines Brightly

Expected Time: From the Bitcoin halving in 2024 until early 2025. During this stage, Bitcoin will become the focal point of the entire market, with funds primarily flowing into 'digital gold', while altcoins remain relatively quiet.

Stage Two: Ethereum Leads the Trend of Smart Contracts

Expected Time: The first half of 2025. At this time, institutional funds begin to shift towards smart contracts and infrastructure assets, and platforms like Ethereum are about to迎来 a prosperous spring.

Stage Three: A Tangle of Frenzy and Panic

Expected Time: From mid-2025 to the end of the year. With a massive influx of retail investors, the market will showcase a variety of 'meme coins' vying for attention and blooming in competition, with funds flowing rapidly. In this stage, distinguishing between genuine opportunities and potential traps becomes exceptionally important.