As we enter the last week of November 2024, looking back at the trends in the cryptocurrency market for November, it can be said that November was the best state of the year's performance in 2024. Bitcoin's price has repeatedly hit new highs, breaking through the $99,000 barrier and approaching the milestone of $100,000. During this 21-day period of continuous rise and daily new highs, there haven't been many people who could seize the opportunity, especially as some 'experts' using moving averages and candlestick patterns, with one moment showing a golden cross and the next discussing theories of filling gap jumps, have confused many. The current trends in the cryptocurrency market are entirely shrouded in news and narratives, particularly the election victory of Trump as U.S. President and Musk's support, which may signal the beginning of a new era for the cryptocurrency market!

Ethereum has changed its sluggish and dragging trend, invigorating the entire cryptocurrency market. Established altcoins are also starting to stand out, with Ripple (XRP) being particularly eye-catching. The breakthrough rise of XRP has completely activated the repeated surges of established altcoins. Compared to the booming Meme market, established altcoins seem to be quietly increasing, not attracting as much attention as Meme coins but steadily accumulating market focus with solid growth. The weekly trading volume of altcoins has surged above $300 billion for the first time since 2021. Among them, the trading volumes of the four major tokens DOGE, XRP, SOL, and PEPE account for 60% of the total trading volume. These signs seem to indicate that established altcoins are gradually shaking off their stagnation and reshaping their market position with actual performance. If this trend continues, the recovery of established coins intertwined with the activity of hot tokens may lead the market to a broader 'altcoin season' in the future.

As for the recent poor performance of newly launched coins, it may be related to the clustering of new coins being launched, which follow the laws of profiting in the primary market and cutting losses in the secondary market right after their launch. However, among these new coins, there are also many with good narratives. At this moment, the cryptocurrency market is in an overall retracement state, but sector rotation and switching may happen at any time. When operating altcoins, one must align their thoughts and spirit with the rhythm of market sector rotations, ensuring early positioning to seize opportunities. Pay attention to the reasonable allocation of positions provided by Yibo, and you can achieve a more precise daily operational strategy, including selecting coins, buying points, profit-taking, and stop-loss points that are accurately positioned.