The market's style is undergoing a dramatic change!
1. After countless rollercoaster market conditions, many old altcoin investors have developed a deep-rooted bearish mindset, leading them to cash out at every altcoin rise. However, unlike before, the current altcoin market has two obvious characteristics: first, funds are buying indiscriminately; second, there are clear signs of new capital entering the market. Once they hand over their chips, it is likely they will miss the chance to sell.
2. Historically, when Bitcoin does not rise, the active altcoin market often represents the most significant profit-making phase in a bull market. For example, in March 2021, Bitcoin entered a range-bound phase, and many coins in sectors like distributed storage, metaverse, and Layer 2 saw monthly increases over 10 times. If the fermentation of FOMO emotions in each sector follows the path of "doubt - hesitation - confusion - fear - buying", then the capital currently missing out on altcoins is merely in the hesitation stage.
3. Bitcoin bulls are in a strong and well-equipped phase with ample ammunition, making a significant short-term adjustment nearly impossible.
4. With daily trading volume of $300 billion becoming the norm, the direct beneficiaries of the market are undoubtedly DEX and CEX. Currently, platform tokens like UNI, DYDX, and BNB have yet to show significant performance, making them a good defensive strategy to prevent missing out.
As a seasoned cryptocurrency investor, I, Tufei, share my experiences and insights. Interested in the crypto space but not sure where to start? Click on my profile to see an introduction to my work, and let's witness the moment of miracles together.