From the perspective of our market makers, the current wave of altcoins is at a critical moment where the washout is about to end.
I estimate that you should remember a few major points from this round of altcoin season:
First, the overall performance of altcoins must be stronger than over 90% of others for it to count.
Second, the total market value of altcoins needs to bounce back by another 3 to 5 times, there's plenty of room for growth.
Third, Bitcoin's dominance in the entire market must be reduced to below 40% for our altcoins to have a chance.
Don't forget, what are we market makers ultimately after? Isn’t it just to raise the price so we can sell and make money? So, don’t let those distractions mess things up, and don’t get weak when victory is within reach; getting off the train now could lead to huge losses. Next, we’ll see a surge, and that’s when we can enjoy the profits!
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