Greed Index for the stock market is 65°, and for the cryptocurrency market is 66°.
This morning, I took a look at the market and found that cryptocurrencies that have performed well in the last two years are all returning to their annual lines; the bull market may not drop too much.
However, the performance in the later stages of the bull market is unlikely to be better.
They have already overspent their future annual returns, making it difficult for 2025 to rise further, and they are more likely to become the doomsday vehicles of the later stages of the bull market.
Such as SOL, XRP, BGB, GT.
In some years, some have increased by more than 10 times, and some have increased by more than 20 times, leading to mediocre performance in the following year.
Various cases remind us.
Do not chase trends, do not chase rising prices or panic sell.
Assets do not only rise without falling; if a certain year shows extraordinarily high performance, the following year is more likely to be mediocre.
It may even underperform most cryptocurrencies in the market.
SOL may be decent, but the surge from September 2023 to March 2024 has taken away its future annual gains.
No matter how good an asset is, buying at a high price makes it difficult to achieve high returns.
Stay away from all cryptocurrencies that are too far from their annual lines.$SOL $XRP #币安HODLer空投SAHARA