BTC's correction has arrived as expected; last time BTC rose for 22 days before correcting, this time it corrected after 21 days, with the last peak at 45K, correcting to 30K, and after 20 days to 1 month, it resumed its attack. During this volatility and correction period, ETH and the altcoins surged, creating a divergence, while BTC quickly fell back.
When BTC falls, altcoins also fall, but when BTC rebounds, altcoins rise even more fiercely. This means that funds in BTC are flowing out, and many holders' faith is shaken. During its correction and rise, some funds flow into altcoins, leading to significant fluctuations and liquidations in BTC, while altcoins start to rally. The current strategy is to select altcoins with solid fundamentals that have not yet risen!
I believe this is a healthy correction:
Due to strong demand from short-term investors, these selling pressures were quickly absorbed beforehand. The selling behavior of long-term holders is a common phenomenon in a bull market, where buying power is sufficient to absorb these selling pressures. Currently, long-term holders' profit margins have exceeded 350%, and the Bitcoin accumulated by long-term holders is gradually being transferred to short-term investors, leading to a reallocation of market funds and assets, providing the necessary momentum for further rises.
Three altcoins that could explode 20-100 times are worth laying low in this bull market!
DOGE
As a popular coin, Dogecoin has a large number of loyal fans and strong community support, which has boosted its popularity, acceptance, and value. Especially recently, when SpaceX's big boss Elon Musk mentioned the government efficiency department's DOGE proposal, Dogecoin's price shot up. Coupled with the positive market sentiment brought by Trump's election win, Dogecoin's price has skyrocketed.
As long as Dogecoin's price can break through the $0.5 barrier, it will be considered to have entered the 'bull market' door. Moreover, Trump's inauguration ceremony may give Dogecoin another boost, propelling it towards the $1 target.
PEPE
In the spring of 2023, PEPE's popularity soared. Its market capitalization peaked at $1.6 billion, making early investors millionaires. This explosive growth triggered what some called the 'meme coin season', with other meme-based currencies experiencing violent ups and downs.
PEPE's roadmap includes being listed on major exchanges and aiming for a 'meme takeover'. Although the future is uncertain, many are watching whether PEPE can reach new heights, especially with the upcoming Bitcoin halving possibly triggering a bull market. In the active and unpredictable world of cryptocurrencies, PEPE stands out as a currency worth watching. There's still a potential for 5 times growth from the current perspective!
WIF
Previously, its price successfully broke through, climbing to a price of 4.83 at one point. However, since reaching that peak, its price has experienced a certain degree of correction, approximately around 30%.
Notably, the recent price trend of WIF shows signs of restarting. Its current market price is 3.352, and based on technical analysis and market trends, if one chooses to enter the market at this time, its price is expected to rise again, with a target price potentially reaching 5.0.
