Are there still altcoins in this round?
First, the answer is yes, but it's definitely different from the previous rounds.
So why haven't they come yet? Because the trend of Bitcoin heading north has not ended, and to be more specific, these institutions and public companies haven't accumulated enough Bitcoin yet; they haven't bought it out completely. It's just like when we go to a fruit store to buy apples; we definitely choose the good-looking ones first and buy the ones that taste good first. After the good ones are picked, we then choose the less desirable ones. The capital in the crypto market also chooses its targets this way. Institutions always prefer Bitcoin; there is only one thing known as BTC in this circle, but there are millions of altcoins. So, let's wait for Bitcoin to rally before we talk about altcoins. Now let's look at the launch times of altcoins in the previous rounds; from the three bull markets from 2013 to 2021, the explosion period of altcoins was 5-12 months after Bitcoin started its rally. This round of Bitcoin is set to launch in November 2024, so according to the trend, it can still go up for a few more months. Of course, if you are hoping for a broad altcoin rally, a sunny market, that definitely won't happen again. There are millions of altcoins, and over 90% of them are worthless air, not even having a clear basic narrative. When the altcoin season truly arrives, only a handful will perform well, so don't naively think that the air you hold will also rise. Choosing is more important than holding. Without altcoins, the crypto market can't be called a market; without altcoins, Bitcoin cannot stand tall on the mountain peak! #加密市场反弹
