Are you ready for the altcoin craze in October 2024? By observing the trends of BTC, BTC-D, and ETH/BTC, we can foresee the huge potential of the altcoin market.

First, according to historical data analysis, BTC entered the third stage of the main uptrend two months after the halving, while Bitcoin's market share peaked seven months after the halving.

At the same time, ETH/BTC also bottomed out at the same time, and then Ethereum began to strengthen as the leader of altcoins.

The pace of this round of bull market is faster than that of 2021. BTC-D is expected to peak six months after the halving, and the launch of the Ethereum ETF may bring the bottom of ETH/BTC ahead of schedule.

In the middle and late stages of the bull market, there are three main reasons for the outbreak of altcoins:

First, the project party is short of funds and needs to sell coins to maintain operations;

Second, after large investors make profits on BTC, they will invest funds in altcoins, driving market bubbles;

Third, the project party raises prices to ship during the market frenzy.