In terms of altcoins, the altcoin market is performing well with a general upward trend, and capital is actively engaged. Bitcoin's market share continues to decline, and the altcoin season is basically confirmed to have started, but it has not yet reached its most frenzied stage, so patience is key. Capital will still rotate between sectors; remember not to cut high and low, and positioning at lower prices is a good strategy.

Some well-established altcoins, such as XRP, ADA, XLM, and EOS, have seen even greater increases. XRP has even returned to the top three by market capitalization, with a total market cap of $250 billion.

These tokens have a characteristic of having undergone a long period of bottom consolidation, lacking hotspots and concepts, with retail investors holding very few chips left. The major players have a high degree of control, so even if the market cap is large, the resistance for a price surge is relatively small.

Compared to the past, this cycle has more VC-backed altcoins and meme coins, which have somewhat disrupted the original rotation order. However, the overall market trend and cycle generally do not change. The price surges of obscure old coins do indicate certain market risks; when the wind comes quickly, it may also leave quickly.

Especially in this round of altcoin season, there is no ecological narrative, and the number of coins and total market cap is much higher than in the last cycle. Relying solely on capital to drive prices is somewhat hollow.

A significant event is approaching in December: Microsoft will hold a board meeting early in the month to decide whether to include BTC in its reserve asset allocation. MicroStrategy's founder Saylor has also been invited to give a three-minute speech to Microsoft's shareholders, and he is confident about Microsoft's decision.