The crypto market is experiencing increased volatility, as October is coming to an end. Where is the long-awaited AltCoin season?

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From the current market situation, the 2024 crypto market is no longer as booming as in 2021, and there is no prominent zone rotation in the Altcoin market. Instead, there are short-lived spikes, and the market's hotspots are quite chaotic. Yesterday, BTC's violent surge almost reached the previous high. Many people are calling it a bull run in the encryption market, but in fact, BTC's breakthrough surge cannot be called a bull run. This is similar to the BTC's crazy bull run at the beginning of the year when it broke through the historical high of 2021, creating a new historical high of $73,787.1. If a market lacks the fervor of Altcoins, it cannot be called a bull run.



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The current situation in the Altcoin market is that new coins are being launched in large numbers. The pattern is that they enter the Primary Market and Clip Coupons, then move to the Secondary Market to play people for suckers. There is also a frequent unlocking trend, causing a sharp increase in the Circulating Supply in the market, and there is always the imminent delisting, which can lead to your chips being Tied Up dropping to zero at any time. In fact, accelerating the delisting of those trash coins is not necessarily a bad thing. Therefore, the difficulty of operating Altcoins lies in these aspects, which have nothing to do with your understanding of cycles, moving averages, or Candlestick theory. Once delisted and dropped to zero, what's the point of talking about cycles, moving averages, or Candlestick theory? Therefore, operating Altcoins requires caution.


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The biggest factor missing in the current season of altcoins is a spark! I miss the previous AI season led by pepe, the meme season, the SOL ecosystem season, the inscription season, the RWA season, the Hong Kong season, the public chain season... And now it seems like there's nothing, only a few opportunities brought about by the expected election of Trump! Every major altcoin hype offers everyone a chance to make 10 times the money! Just like the A-share market now, there are at least 3-5 zones that continue to hype every day, dozens of strong stocks that drive up heights, giving the market confidence! And now, what cryptocurrency altcoins lack is this! Looking forward to the next hype!



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Next, the market needs to pay attention. If BTC continues to lead, the market focus will shift to Altcoin. Remember, except for BTC, all others are altcoins. Pay close attention to the counterattack of VC (Venture Capital) coins, the intensity of which may be beyond imagination. Keep an eye on whether new narrative hotspots will appear in the market, whether it's the narrative extension of ETH or the meme culture of SOL, both of which may be new opportunities. After profiting from the Altcoin Main Rising Wave, switching back to BTC is still an effective strategy, which can lock in profits and maintain flexibility in responding to the market. Follow Yibo Shuo Coin for more market analysis and trading recommendations, seize investment opportunities, and navigate the market's ups and downs!