AltcoinRally2024

Recently, someone made a bold claim: “We’re already in phase 4 of the current bull run.” Wait, what?! Are we seriously near the end already? Does this mean no more mind-blowing 10,000x gains like those legendary altcoin moonshots?
At first, I thought it was too early to say we’ve entered phase 4. After all, Bitcoin is still trading below $100,000, and the market sentiment hasn’t turned euphoric yet. But after diving deeper, I started to see their point.
Looking at Bitcoin’s dominance, which currently sits at 55.6% according to CoinMarketCap, it’s clear the king of crypto is casting a long shadow over the market. When Bitcoin claims such a large chunk of the total market cap, it’s no surprise that most altcoins are struggling to keep up. Right now, many are showing bearish trends.
So, what’s phase 4?
This stage of a bull run typically involves consolidation and distribution—a moment where the market pauses, catches its breath, and sets the stage for the final push upward. If we are indeed in phase 4, then a period of altcoin rallies might be right around the corner.
Take the Crypto Fear and Greed Index, for example. Currently sitting at 79, it suggests that the market sentiment is neutral—not overly bullish or bearish. In such a state, altcoins often struggle to gain momentum. On top of that, the Altcoin Season Index is at 73, which means Bitcoin is outperforming the majority of altcoins. It’s like Bitcoin is the star of the show, drowning out everyone else.
But here’s the silver lining: markets don’t stay in one phase forever. A breather during phase 4 could be the perfect setup for altcoins to shine in the next leg of the bull run. While we may not see astronomical 10,000x returns, there’s still significant potential for some serious gains.
The crypto market has a way of surprising us, and the party isn’t over yet. If anything, it feels like the real excitement is just getting started.
Stay sharp, stay optimistic, and don’t let short-term noise cloud the bigger picture. The best might still be ahead.
#CryptoComeback #AltcoinRally2024 #BinanceSquareFamily #ETHOnTheRise $BTC #Debate2024