The currency circle copycat season is about to start crazily
Bitcoin (BTC) volatility has dropped significantly recently, and its market share (BTC.D) has fallen below key support levels, suggesting that market funds are gradually flowing into altcoins. The Altcoin seasonal indicator has currently reached 67%, which is only one step away from being fully opened (75% is the critical value). Historical data shows that November to December each year is often the best window for altcoin outbreaks, and current market conditions are highly similar to the trigger points of previous altcoin seasons.
As investors' preference for high-risk, high-return returns returns, mainstream altcoins including Ethereum (ETH) and XRP have shown strong momentum, with some projects even recording double-digit gains in the short term. However, investors need to be wary of the risk of market reversal when chasing potential returns. It is more prudent to choose projects with solid fundamentals than chasing hype.
Are you ready for the next market wave?
