Currently, many influential figures are watching for a peak in the market, but I believe that the cryptocurrency market has not yet reached its peak, and the most frenzied times are yet to come.
On the macro front, the grand beautiful plan has just been passed, and the Americans are about to drink poison to quench their thirst, even if it leads to a deluge after death, believing in the wisdom of future generations, while the interest rate cuts are getting closer. Now you tell me the market has peaked? Are you going to wait until the market goes crazy and then ask others to take over???
Not to mention Bitcoin, the current trend of BTC can be said to be a bull market, and I believe no one would disagree. Let me give a few examples of mainstream altcoin trends.
XRP has been horizontal for over 200 days at this high after a violent surge several times last November, just in a narrow space, and you tell me this is distribution. Have you ever seen distribution that lasts over 200 days? Isn't this obviously a secondary accumulation?
Then there's SUI, as the leader of the new public chain, its trend is very strong, a typical upward trend, and you tell me it's at the peak?
BCH on the monthly line forms a W bottom, this trend is clearly on the path to break new highs, and there are also coins like UNI and AAVE with similar trends, and you tell me the market has peaked?
Of course, at this moment, there will definitely be someone arguing, saying that many altcoins have been declining, and even many coins have halved in a single day. If you want to buy junk coins, who can you blame? I have emphasized more than once that the general rise of altcoins is gone; in the future, only valuable coins with certain practical applications and usage scenarios can emerge.