Since the birth of the cryptocurrency industry, every bull market has been led by Bitcoin, followed by some certain coins, and finally new coins with hype themes.
Funds flow almost exclusively between these coins.
In this bull market, Bitcoin stands out due to the participation of institutions, and the craziness of Dogecoin is due to Musk. Thirteen once said in the circle and in the article that once Trump is elected, Dogecoin will soar.
The first round of Bitcoin's rise cycle generally lasts about 20 days, and these 20 days are the craziest 20 days.
Of course, is the big wave of Bitcoin from 70,000 to 90,000 considered the first round of Bitcoin's rise? It cannot be confirmed at present, and perhaps crazier things are still to come.
If so, then Bitcoin may complete its own gains in early December and begin a partial correction.
Funds are withdrawn from Bitcoin and entered Ethereum. At this time, due to the low market value of Ethereum, it is easier to pull the market, and the increase is usually much greater than Bitcoin.
This is also why so many people bet on Ethereum.
It’s just that in this round of market, Ethereum is really too lame. I once predicted that Ethereum might reach 12,000 in this bull market, but now I can only give a conservative number of 6,000.
But even at 6,000, several investors in the circle who bet on Ethereum are free.
Of course, they are big investors, and we ordinary retail investors just need to ensure that we can get a share of the profits.