As of October 19, 2024, the cryptocurrency market presents a unique phenomenon: Bitcoin ($BTC ) leads the rise alone, while many other cryptocurrencies fail to keep up with the rise. This situation has frustrated many investors because they either did not invest in Bitcoin or believed that Bitcoin's return rate was relatively low.
However, this market differentiation situation may continue for some time. At present, those cryptocurrencies that can follow the rise of Bitcoin have shown corresponding trends. For those currencies that have not yet followed the rise of Bitcoin, they may need to wait until Bitcoin reaches a certain price level and begins to fluctuate sideways before a compensatory rise will occur.
Looking back at the market trend in September last year, we can see that despite the overall rise of the market, BNB did not follow this trend. It was not until Bitcoin entered a period of volatility in January this year that BNB began its overcorrection process and doubled its price in just a few months. This phenomenon shows that the more undervalued a currency is by the market, the greater its subsequent correction may be, but this situation usually only applies to those high-quality currencies whose fundamentals are still strong.
Investors should not try to capture every opportunity in the market. It is crucial to be patient and prepared before favorable opportunities arise. Once you seize the opportunity, you should cherish it and not give it up easily. Adequate preparation beforehand is always much better than regret afterwards.
In addition, those currencies that perform poorly at the beginning may become strong stocks in the market in the future as long as their fundamentals remain solid. On the contrary, those currencies that seem perfect at the beginning may eventually put investors in trouble. Therefore, investors should comprehensively consider the fundamentals of the currency, market trends, and their own risk tolerance when making investment decisions.