A common question that investors ask right now is: How will altcoins perform?
This question is actually quite complex and it is difficult to generalize.
The answer can be very simple. There are more than 100,000 currencies in the market, so there can't be a single answer that covers all of them.
But I will try to simplify the answer and avoid over-complication.
In many cases, people will focus on total market capitalization, total trading volume and acquisitions, but please take this simple answer seriously.
This answer is usually about the average.
Altcoins are currently experiencing a strong rise, similar to the market from October 2023 to March 2024, with an average increase of between 500% and 1000%. If this is the last wave of rise, which is the most likely, the increase may be very dramatic, with certain sectors and currencies increasing by between 1000% and 2000%.
This will occur in specific sectors and currencies, but no one can predict which sectors or currencies will be these lucky winners now.
Therefore, please be cautious when choosing currencies and try to find and increase your level of caution for future periods.
- Note: During the acceleration period, don't be surprised if your currency is currently stable. When it is your currency's turn, it may rise by 500% to 1000% in two to four weeks until it reaches its peak. Some currencies even peaked and rose by 500% in a week's candlestick chart, such as the case of the RARE currency is an example of this trend.
In addition, this does not mean that all currencies must rise by this percentage in a short period of time, so you must study and follow the market diligently, receive any signals quickly, and you must be able to make decisions and implement them within minutes, so you must make a plan and stick to it from now on.