Except for a few popular cryptocurrencies with background support, most altcoins have not yet welcomed a rotating upward trend.
The core issue lies in the lack of liquidity, with funds mainly concentrated in mainstream cryptocurrencies, leading to limited capital inflow to altcoins. Recently, market sentiment has cooled due to several rounds of significant corrections, and the Fear and Greed Index has dropped to 70, a noticeable decrease from the previous high of over 80 and even 90. This calm situation in the market is actually a good thing, as it indicates that a significant correction like the 15% drop in Ethereum and 10% in Bitcoin seen in the past few days is unlikely to happen again in the short term.
Looking ahead to the next few days, as long as Bitcoin and Ethereum can hold their previous low points, each correction will present a good entry opportunity. Furthermore, we can expect to witness the main upward wave of altcoins. In a bull market, corrections are common, and it can even be said that the market spends most of its time in a corrective state.
The periods of rising are far fewer than the periods of correction, which is a significant characteristic of a bull market. Those who deeply understand this will naturally not easily question whether we are still in a bull market.
Upcoming major rebound: 3 cryptocurrencies that are sure to soar by up to 100 times in a bull market!
ENA
Overall, we first enter a volatile market, which is very energetic and not restricted by Ethereum's influence, presenting a great opportunity to become a dark horse in this wave of market trends. Therefore, everyone must pay attention to its performance at mid-line and new high prices, and dare to go all in when necessary!
Of course, one must wait until the corresponding conditions are met; as long as the trend line is not broken and no trend reversal occurs, that will be the next big dark horse, then leverage the good news of being listed on a certain platform to change the original fundamentals!
DOGE
Investing in DOGE is the wisest choice; every participant in the cryptocurrency market should not miss this opportunity. DOGE goes far beyond just being a meme; it has become a disruptive force in the crypto space, symbolizing a challenge to traditional markets. Initially insignificant and even considered a joke, its rise today has allowed early investors to enjoy financial freedom.
Although some see DOGE merely as a meme, there is a solid value foundation behind it. Speaking of Elon Musk, this 'genius madman' is the driving force who brought DOGE to the global stage, and his support injects infinite vitality into DOGE. I believe that DOGE will eventually reach new highs. When Musk takes office as the Minister of Dogs in January, there will surely be another wave of hype, and there is definitely still room for growth!
Floki
FLOKI also has community consensus, and the project team has invested heavily in marketing, including advertising and media exposure. Investors holding FLOKI will also regularly receive airdrops, such as the previous CAT and the upcoming MONKY, all aimed at attracting and retaining users.
Floki is also a project that cannot be ignored, with its most prominent advantage being its strong promotional investment. Whether through billboards, CCTV news appearances, or regular airdrops, Floki is continuously attracting traffic and creating buzz. The previous 4% CAT airdrop has already provided substantial returns to holders, and there will soon be a MONKY airdrop. The project team understands how to give back to the community, and long-term holders definitely have the opportunity to earn more.
