Except for a few popular cryptocurrencies with background support, most altcoins have yet to experience a rotating upward trend.
The core issue lies in the lack of liquidity, with funds mainly concentrated in mainstream cryptocurrencies, leading to limited inflows into altcoins. Recently, market sentiment has cooled down due to several significant pullbacks, and the Fear and Greed Index has dropped to 70, a notable decrease from the previous highs of over 80 and even 90. This calm state of the market is actually a good thing, as it suggests that a significant pullback like the recent 15% for Ethereum and 10% for Bitcoin is unlikely to occur again in the short term.
Looking ahead to the next few days, as long as Bitcoin and Ethereum can hold their previous lows, every pullback will present a good entry opportunity. Furthermore, we expect to witness the main upward wave of altcoins coming soon. Pullbacks are a common phenomenon in a bull market, and one could even say that the market is in a pullback state most of the time.
The periods of price increases are far fewer than the periods of pullbacks, which is a significant feature of a bull market. Those who deeply understand this will naturally not easily question whether we are still in a bull market.
Upcoming major rebound: 3 cryptocurrencies that are sure to surge by up to 100 times in a bull market!
ENA
Overall, it initially enters a volatile market, which is very energetic and not restricted by Ethereum's influence, having a great opportunity to become a dark horse in this wave of market. So everyone must pay attention to its price performance at mid-line and new highs, and dare to go all in when necessary!
Of course, you must wait until the corresponding conditions are met. The trend line has not been broken, and there has been no sign of a trend change; this will be the next big dark horse, and then leverage the favorable situation of being listed on a certain platform to change the existing fundamentals!
DOGE
Investing in DOGE is the wisest decision, and every participant in the cryptocurrency market should not miss this opportunity. DOGE, far beyond the realm of Dogecoin, has become a disruptive force in the crypto space, symbolizing a challenge to traditional markets. Initially, it was insignificant and even regarded as a joke, but today's surge has allowed early investors to enjoy financial freedom.
Although some see DOGE merely as a meme, there is a solid value foundation behind it. Mentioning Elon Musk, this 'genius madman' is the driving force behind DOGE's rise to the global stage, and his support has injected infinite vitality into DOGE. I believe DOGE will eventually hit a new high. When Musk takes office as the Doge Minister in January, there will definitely be another wave of excitement, and there is certainly still room for growth above!
Floki
FLOKI also has community consensus, and the project team has invested heavily in marketing, including advertisements and media exposure. Investors holding FLOKI will regularly receive airdrops, such as the previous CAT and the upcoming MONKY, all aimed at attracting and retaining users.
Floki is also a project that cannot be ignored, with its most prominent advantage being its strong promotional investment. Whether it's billboards, appearances on CCTV news, or regular airdrops, Floki continues to attract traffic and create buzz. The previous 4% CAT airdrop has already brought substantial returns to holders, and there will soon be a MONKY airdrop; the project team knows how to give back to the community, and long-term holders absolutely have the chance to earn more.
