Who can know if there will be an altcoin season from July to August?
In the bull market from last year to this year, I haven't seen any hundred-fold coins in the secondary market; the coins on the exchanges are all crashing one after another, with a market cap of only three to five hundred million!
Now Bitcoin is fluctuating at a high level, with funds being offloaded. Is this a sign that the altcoin season is coming? 💰💰💰5935032426447240425865
In the past, when altcoins took off, Ethereum led the way, but now Ethereum is still sluggish. Is it that Ethereum is not performing well, or is the market not performing well? It feels a bit strange. Most of my altcoins are at the bottom right now. One thing is certain: as long as the bottom remains in a sideways movement and the weekly level does not hit a new low, I can dollar-cost average into some reliable altcoins. In the second half of the bull market, I continue to watch for an altcoin bull market. Capital in the market will not miss out on the big gains from altcoins.
Buying altcoins is just like buying a lottery ticket. You invest a few thousand to ten thousand, hold it, and if it goes up by ten or several times, winning is a happy moment. Of course, the recommendation here is not to buy blindly, but to look at the market cap rankings. Do not buy those coins that are ranked hundreds or thousands down the list. Focus on altcoins with a market cap of 50 million to 100 million to 200 million, then research the underlying projects on-chain, institutional investments, etc., and prioritize popular sector leaders.