The foundation for the launch of the altcoin season is already in place. Combining the major uptrends from the end of 2020 to November 2021 and from the end of 2023 to early 2024, an important indicator for the altcoin season is a substantial increase in ETH. Subsequently, platform tokens and leading projects in other sectors should all see a K-line increase from a minimum of 5-10 times, or even higher.

In other words, based on macroeconomic conditions, on-chain data, fundamentals, etc., it can be judged that during Q1 2025, ETH needs to initiate a significant increase, with positive results both on-chain and in the secondary market. However, there are some points to be cautious about:

1. The altcoin season does not imply a broad rise; even in the crazy bull market of 2021, where liquidity was abundant, funds were primarily concentrated in public chains, meme tokens, games, and the metaverse. The leading projects in these four sectors saw significant increases. As for DeFi, it was strong in the first half of the year but weakened in the second half. Then, in the major uptrend from the end of 2023 to early 2024, the significant gains in altcoins were still in public chains and meme tokens. For example, during that time, tokens like TAO, SEI, SUI, NTRN, WIF, BONK, etc., had substantial increases, with K-line increases from minimum to maximum being around 5-10 times. Additionally, AI-related tokens, such as WLD, also performed well. In DeFi, only the leading tokens performed impressively, while others remained stagnant, and games performed even worse.

This time, along with the major increases expected in November-December 2024, the focus will again be on public chains, AI, and meme tokens, with a small portion of leading DeFi projects. Therefore, in the upcoming period, market funds will still favor AI-related projects, MEME, AI + MEME, and public chains, alongside macroeconomic indicators from the U.S., such as tokens recommended by global influencers. Those who understand will understand.

2. Based on the logic above, the timing for bottom-fishing is still in play; there are still relatively low opportunities for bottom-fishing. Why? Because BTC and ETH are still at low levels. Correspondingly, the popular projects I mentioned above can be timed well for entry. Of course, if you are afraid and want to wait for more certain opportunities, that's fine. But that means you will be chasing highs, and there are still opportunities to profit, but once you make a profit, you must exit before the trend ends. Remember, otherwise, you may be stuck for a very long time. Friends, manage your positions accordingly.