In the bull market of 2024, almost all altcoins have increased to varying degrees from August last year to March this year. Some have increased several times, some have increased dozens of times, and even ORDI has increased tens of thousands of times. Of course, there are also those that have only increased by dozens of points. However, given the different strengths, styles, community operations, and profit-making methods of the dealers and project parties, the K-line trends presented by each coin are also very different.
Coins that experienced a sharp rise in the early stage of this year's bull market often performed poorly in the second wave, and few coins broke through the previous highs. However, coins that did not rise significantly in the early stage of the bull market were able to usher in a gratifying trend. They rebounded after the entire crypto market pulled back, and even continuously set new highs in rounds of market conditions.
But today, there are still about 70% of copycat projects that have not yet truly ushered in the main Shenglang market. The so-called currencies that dominate the rising market refer to currencies that experience huge increases in a relatively short period of time (a few days or weeks). For example, some new coins have not experienced much growth after being launched, so there is not much market value bubble; or some old altcoins have not seen significant growth. Therefore, there is still a huge profit potential for investing in these currencies that have not yet ushered in the main rising trend. After buying the spot, you can enter the market with peace of mind and wait for the opportunity to ship.
In this long bull market, the best strategy is as follows:
Do not chase high prices, do not participate in contracts, and do not use leverage. Hold the spot unswervingly, do not change positions at will, and do not easily sell at a loss.
Judging from the current situation, after experiencing a period of correction, most coins will inevitably break through the high point of the last pull-up.
The market will never disappoint those who are patient. The first step towards success in the cryptocurrency world is to keep a steady mind. Keep your position steady, control your chips, and wait patiently for your opportunity. All of this is premised on the fact that you have never left the market.
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