Amid the current market volatility, the potential of altcoins is gradually emerging.
The gains in a bull market may be greater than you expect for the following reasons:
1. Market size and capital effect: Mainstream currencies (such as Bitcoin) have reached a relatively high market value and require huge amounts of capital to double. The altcoin market is smaller, and the same capital investment can bring about more significant gains.
2. Project side strategy: In the late stages of the bull market, project sides are usually more willing to promote the rise of altcoins to attract more people to transfer their mainstream currencies and funds to these currencies and drive market enthusiasm.
3. Bull market driving force: The madness of the bull market is often driven by the sharp rise of altcoins rather than mainstream currencies. This kind of rise not only stimulates investors' excitement and increases investment, but also provides project parties with the opportunity to quickly harvest profits, because retail investors often find it difficult to leave the market while chasing the rise and the fall.
4. Investment advice: For those altcoins that are promising in the long term and have a high profit-loss ratio, it is recommended to buy on dips when the price is low. Make time your friend. Such a strategy will usually bring you satisfactory returns. When choosing, you can give priority to those coins that are fully unlocked, have small market capitalization but have strong backgrounds.
