Currently, Bitcoin seems to be playing a 'find direction' game. As long as there are no major bad news disrupting the rhythm, it might suddenly surge one day. But at this stage, don't impulsively put all your funds in; small regular investments are a wiser choice. Even if the market drops another 15%, you will still have funds to average down.
Speaking of ETH, it is currently fluctuating between $3200 and $3700, but don't think it is stagnant along with BTC. In fact, institutions have recently shown greater interest in ETH, with significant accumulation. ETH is likely to break out before BTC.
Positive events worth paying attention to:
FTX compensation: In early January next year, FTX will complete a $16 billion compensation for investors, which will be a major boon for the crypto market.
Trump's return: On January 20, Trump will return to power, and his stance on Bitcoin as a strategic reserve may boost market sentiment.
Based on these factors, the Bitcoin bull market is expected to continue into 2025. Despite recent volatility, this is just a necessary phase in the upward trend.
Opportunities in altcoins
For altcoins, the current situation is similar but different. In the first quarter of this year, many altcoins' total market capitalization surpassed the historical high of 2021, but then significantly retreated after reaching the cycle peak in the fourth quarter. Nevertheless, the cycle is not over, and the bottoms of many quality currencies have begun to form.
Current strategy:
Focus on strong currencies: Like some quality altcoins that have formed a bottom range.
Avoid weak projects: Invest in currencies that have shown resilience in the market.
It is expected that by the first quarter of 2025, the main upward wave of altcoins will fully arrive. Here are some currencies worth paying attention to:
BlackRock recommendations: ONDO, CRV, ENA, APT
Grayscale recommendations: ZEN, ZEC, XLM, LPT
Presidential recommendations: LINK, AAVE, ENA, ONDO
These projects are backed by major institutions and celebrities, especially currencies related to BlackRock, Grayscale, and Musk's DOGE, which may have more stable growth potential.
My investment strategy: Target potential currencies
Based on market dynamics, I have currently invested in some old currencies that have been cleaned out on the bottom, expecting their growth potential in the coming months. Here is my investment logic:
Bitcoin's market capitalization share declines: As BTC's market share decreases, funds may flow to other currencies, creating more opportunities for altcoins.
Popular sectors are becoming saturated: AI, RWA, Meme, and other sectors have seen significant increases, approaching peak cycles, with limited space for future growth.
Potential growth of altcoins: Those projects that have not yet risen significantly have more explosive potential.
The currencies I am focusing on investing in:
CAKE, SSV, OGN, WOO, SNX, DYDX
LPT, AUDIO, VET
These currencies are currently priced low, with significant rebound potential. Once the market starts, they are expected to achieve significant gains.