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【DAY-1】Bull Market is starting, don't fall before dawn
The season of counterfeits that everyone has been waiting for is like the rising tide about to overflow the embankment.
The process of Bitcoin's dominance sliding from 61% to 55% is like the gradually exposed beach at low tide, indicating new opportunities.
Looking back at this time node, we seem to have returned to the familiar scene: funds, like tides, surge from one pool to another.
History always repeats itself in astonishing ways.
The flow of funds is like an established river, rushing from Bitcoin to Ethereum, and then dispersing into countless streams, injecting into the lakes of large-cap coins and small-cap coins.
When the waves reach their peak, almost all currencies dance around the bonfire of frenzy. This flowing trajectory is like a code carved into the genes of the blockchain world, repeating itself endlessly.
The market is never short of surprises. The rise of the newcomer SUI is like a meteor across the night sky, illuminating the path for innovators; the revelry of PNUT and PEPE is like a fleeting fireworks, blooming with the unique colors of the MEME era.
And XRP, TRX and other veterans are still standing tall on the battlefield, proving their worth over time. Especially OM, like a dark horse breaking out of the darkness, has proven with outstanding performance that the market always favors players with strength.
When the Altcoin Season Index approaches 75, 35 out of the top 50 tokens have outperformed Bitcoin, accounting for a staggering 70%. It is like a mirror reflecting the market's frenzy.
Behind these numbers are the hopes and aspirations of countless investors. But this time, the tide may not rise as high, and the waves may not be so turbulent.
The $2.8 trillion total market value in 2021 is like a dizzying peak. Today, standing on the platform of $3.8 trillion, looking at those voices expecting a sharp rise, one cannot help but ask: Where does the force come from to drive the market value to the giant wave of $19 trillion? This is not a simple mathematical problem, but a profound reflection on market reality.
The story of ARB has taught us a vivid lesson. Beneath the surface calm, there is often a hidden surge. When the circulation rises from 12.75% to 26.5%, the growth of the market value is like ink diluted in the sea, almost imperceptible.
It's like continuously adding water to a cup. Even if you pour in more, you can only see the same water level. This phenomenon warns us that when evaluating projects, we should not only focus on the price, but also pay attention to the token economics behind it.
In the current market, we see 11 tokens breaking historical highs, such as XRP, OM, WBT, TRX, RENDER, etc. They are like lighthouses in the dark, guiding the possible direction of the market.
But this does not mean that all ships can find a safe harbor. The fate of the high FDV (Fully Diluted Valuation) project is like a pending question, waiting for the market to provide an answer.
The cycle is irreversible, which is an eternal truth of the market.
But each cycle has its uniqueness, just like each rising tide leaves different traces on the beach. The 2024 altcoin season is more like a carefully orchestrated symphony rather than a wild carnival. Not all performers can stand in the spotlight, but everyone is waiting for their own note.
In the face of such a market, wise investors should be like patient fishermen, cast their nets in the appropriate waves, and remember to haul them in before the tide reaches its highest point.
Find the right cost-effective entry point, set up stop loss, and don't forget these basic skills. In this sea of uncertainty, luck and timing are equally important.
The tide rises and falls, repeating itself.
But this time, maybe what we need is not blindly chasing the crest of the waves, but to stay clear-headed in the hustle and bustle, and to exercise restraint in the face of opportunities. After all, the fiercest waves will eventually recede, and our goal is to survive in this sea for a long time.
The market always teaches us that what should come will eventually come, but not necessarily in the way we expect.
In this ever-changing world of cryptocurrencies, it may be more important to keep a rational mind than to chase every market trend. When the horn of the altcoin season truly sounds, let us not miss the opportunities nor be consumed by frenzy.
After all, in this endless cycle of change, the real wisdom lies not in predicting the height of the waves, but in learning to dance with the waves and finding a balance between opportunity and risk. Perhaps, this is the most important lesson that this wave of imitation season wants to teach us.