In the secondary market:
From the accumulation structure of altcoins, the rise in altcoin prices during this round will be very satisfying, although it is hard to assert that this will be the most exaggerated one in history.
The accumulation period has been unusually long; past altcoin accumulations typically took about a month, while this time, altcoins have generally accumulated for 2 to 3 months. Not only that, this round also experienced an extreme liquidation process. Reflecting on the various challenges over the past year is truly chilling.
Especially the significant drop on August 5, with enormous trading volume. Considering the lack of liquidity, one can imagine where those chips ultimately ended up.
Therefore, I have always emphasized the need for patience; the altcoin market will come, and we must hold on. Those who can endure are like warriors struggling out of adversity.
Most altcoins are waiting for Bitcoin to reach new highs.
Currently, some public chain projects are preparing to launch meme concepts, and the three mischievous inscriptions (ordi, sats, rats) are also eager to try.
In recent days, the gaming sector's coins have surged overall, led by familiar coins like AXS and YGG, driving the entire sector upward.