There are still many friends who do not understand why Ethereum has skyrocketed this time. Those who have experienced the last bull market know Ethereum's crazy performance at the end. Altcoins led by ETH saw a surge at the end of the bull market.
Friends need to understand that Ethereum is the leader of altcoins, while Doge is the leader of meme coins. The market movements of altcoins and meme coins are driven in different ways. The market for altcoins needs to be driven by the market for BTC, while the market for meme coins does not need BTC's market to be driven. The market for meme coins needs to be driven by market sentiment, especially during periods of BTC fluctuations and corrections.
One of the core reasons this wave did not turn from a small bull to a big bull is due to insufficient liquidity. Relying only on the small funds of retail investors can only allow for some play with BTC and meme coins. Only large institutions with substantial funds can bring about a big bull market by buying the market at the bottom. The problem lies in the insufficient liquidity in the market; there isn't enough money, and large players have not entered the market. Just at that moment, the huge positive news of Trump's election raised the prices of altcoins, allowing more retail investors to enter. Then, they dumped the market to clear out these retail investors. Many newcomers definitely made money in this wave of skyrocketing prices. After making money, most will increase their positions and continue to enter. In the end, very few can escape at the peak. I hope everyone will take profits when they can; not losing money is already a win for many.