During the bull market wave of 2024, the performance of altcoins has been exciting and varied. From March to December of last year, there were two major upward waves, and almost all altcoins experienced varying degrees of price increases: some multiplied several times, some surged dozens of times, while coins like ORDI and OM achieved astonishing increases of over ten thousand times, though a few only rose by a few dozen points. However, due to the different strengths and styles of market makers and project teams, and the varied operations and profit strategies of communities, the K-line trends of each coin show significant differences.
Cryptocurrencies that experienced remarkable price increases at the beginning of the bull market have often performed rather mediocrely in the second wave of this year that was supposed to occur, with very few breaking past previous highs; conversely, those that had inconspicuous increases initially have welcomed decent rebounds after market corrections, continuously setting new highs in successive waves.
It is worth noting that approximately 70% of altcoin projects have yet to experience a true major upward wave. The so-called major upward wave refers to a significant price increase of a cryptocurrency within just a few days or weeks. These coins that have not yet initiated a major upward wave may be new coins that have limited gains after being launched or established altcoins that have yet to gain momentum, meaning there is still considerable profit potential in investing in them—after buying the spot, one just needs to patiently wait for the right selling opportunity.
In this long bull market cycle, the optimal strategy is clear: do not chase high prices, do not engage in contracts, do not use leverage, firmly hold onto the spot, avoid indiscriminate switching of positions, and do not easily cut losses. Most cryptocurrencies in the current market have experienced periodic corrections, and the next increase will surely break through the previous high.
The market never disappoints those who are patient; the first step to success in the cryptocurrency world is to maintain a steady mindset. Stabilize your positions, hold onto your chips, and patiently wait for your opportunity, with the premise that you are always present.
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