As a seasoned participant in the Crypto Assets market, it is essential for us to delve into the intrinsic logic of the current market trends. History shows that each round of the bull run in Crypto Assets follows a basic pattern: Bitcoin rises first, followed by the subsequent rise of other altcoins.
Currently, Bitcoin's market share in the entire Crypto Assets market has decreased from a peak of 65% to 58%. Based on past experience, this ratio is likely to further decline to around 45%. This trend clearly conveys a message: the prosperity period for other alts has just begun, and it can even be said that the first phase has not yet fully unfolded.
Looking back at the early stages of the bull run in 2020: Bitcoin's market share fell from 68% to 40%, while the total market capitalization of other Crypto Assets skyrocketed 12 times during the same period. The current market situation is quite similar. Last December, investors who entered the market when Bitcoin's price climbed to $69,000 may still be at a loss, but the prices of mainstream Crypto Assets like Ethereum and Solana have risen more than 3 times from their lows.
For new investors entering the market, there is one thing that needs special attention: selling other crypto assets now may be as regrettable as selling Shanghai real estate in 2013 to buy gold. We have seen too many investors panic sell when the prices of other crypto assets are stagnant, only to regret it months later. In the crypto asset market, patience is often more important than being smart.
When Bitcoin's market share falls below 50%, it is likely to signal the arrival of a true pump wave for other Crypto Assets. Therefore, the wisest strategy at the moment is to remain calm, hold tightly to your chips, and not be easily swayed by short-term market fluctuations. Remember, in this opportunity-filled market, a long-term vision and steadfast belief often bring substantial rewards.
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As a seasoned participant in the Crypto Assets market, it is essential for us to delve into the intrinsic logic of the current market trends. History shows that each round of the bull run in Crypto Assets follows a basic pattern: Bitcoin rises first, followed by the subsequent rise of other altcoins.
Currently, Bitcoin's market share in the entire Crypto Assets market has decreased from a peak of 65% to 58%. Based on past experience, this ratio is likely to further decline to around 45%. This trend clearly conveys a message: the prosperity period for other alts has just begun, and it can even be said that the first phase has not yet fully unfolded.
Looking back at the early stages of the bull run in 2020: Bitcoin's market share fell from 68% to 40%, while the total market capitalization of other Crypto Assets skyrocketed 12 times during the same period. The current market situation is quite similar. Last December, investors who entered the market when Bitcoin's price climbed to $69,000 may still be at a loss, but the prices of mainstream Crypto Assets like Ethereum and Solana have risen more than 3 times from their lows.
For new investors entering the market, there is one thing that needs special attention: selling other crypto assets now may be as regrettable as selling Shanghai real estate in 2013 to buy gold. We have seen too many investors panic sell when the prices of other crypto assets are stagnant, only to regret it months later. In the crypto asset market, patience is often more important than being smart.
When Bitcoin's market share falls below 50%, it is likely to signal the arrival of a true pump wave for other Crypto Assets. Therefore, the wisest strategy at the moment is to remain calm, hold tightly to your chips, and not be easily swayed by short-term market fluctuations. Remember, in this opportunity-filled market, a long-term vision and steadfast belief often bring substantial rewards.