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2024 is almost over. To sum up the characteristics of the cryptocurrency market this year, it is: while Bitcoin continues to break new highs, a number of altcoins have performed poorly, following the decline but not the rise, so that many people have shouted that there is no altcoin season, only the Bitcoin bull market.
The severity of this situation can be seen from the difference between the current mainstream currencies and their historical highs: ETH is -30% away from its historical high, BNB is -11%, DOGE is -57%, ADA is -71%, TRX is -40%, and AVAX is -74%.
Even the currencies that performed strongly in 2024 are still some distance away from their historical highs, such as: XRP is -43% away from its historical high, SOL is -28%, PEPE is -36%, and AAVE is -49%.
The performance of old mainstream currencies is also as bad as it can be, such as BCH is -89% away from its historical high, LTC is -75%, XLM is -62%, and LINK is -56%; this is the result after a round of rise in this round of market at the end of the year.
The performance of the popular currencies in the last bull market is even worse, such as ICP, which is -99% from its historical high, FIL, which is -98%, DOT, which is -87%, and UNI, which is -69%.
From the performance of ETH, the weathervane of the altcoin season, ETH has broken through the high point of the March bull market in December. Although it was brought down by Bitcoin, it also shows that the progress of the altcoin season has reached a critical node. Judging from the current market situation, ETH may exceed its historical high before March 2025. By then, other high-quality altcoins may also rise one after another and exceed their historical highs one after another.
The severity of this situation can be seen from the difference between the current mainstream currencies and their historical highs: ETH is -30% away from its historical high, BNB is -11%, DOGE is -57%, ADA is -71%, TRX is -40%, and AVAX is -74%.
Even the currencies that performed strongly in 2024 are still some distance away from their historical highs, such as: XRP is -43% away from its historical high, SOL is -28%, PEPE is -36%, and AAVE is -49%.
The performance of old mainstream currencies is also as bad as it can be, such as BCH is -89% away from its historical high, LTC is -75%, XLM is -62%, and LINK is -56%; this is the result after a round of rise in this round of market at the end of the year.
The performance of the popular currencies in the last bull market is even worse, such as ICP, which is -99% from its historical high, FIL, which is -98%, DOT, which is -87%, and UNI, which is -69%.
From the performance of ETH, the weathervane of the altcoin season, ETH has broken through the high point of the March bull market in December. Although it was brought down by Bitcoin, it also shows that the progress of the altcoin season has reached a critical node. Judging from the current market situation, ETH may exceed its historical high before March 2025. By then, other high-quality altcoins may also rise one after another and exceed their historical highs one after another.
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BTC
94,936.96
+0.30%
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