Bitcoin has experienced half a year of major fluctuations, encountering strong support during each decline, but has yet to successfully break upwards.
However, at least Bitcoin has maintained its fluctuations within this range, while many altcoins seem listless, as if they are dead dogs.
Do you remember the new coins launched this year, like ena and ethfi? They are continually breaking new lows, while many older coins that have experienced several bull markets have fallen back to the starting points of this bull market. Even the so-called king of altcoins, Auntie, has dropped back to the prices from the beginning of the year. Is there still an opportunity for altcoins?
Let's give a conclusion first: there is still an opportunity for altcoins. Not from a technical analysis perspective, as the current altcoins cannot be analyzed for potential increases purely from a technical standpoint; rather, from a trend perspective, I believe as long as Bitcoin breaks 70,000, there will still be a wave of altcoin season.
As the saying goes, to make it perish, one must first drive it crazy. Since the last bear market, altcoins have not gone wild, whether new coins or old coins; the market makers need to make money, even in the meme sector, which has recently gone the most crazy.
The monthly line is about to close. November is election day, and it's also your last chance to get on board. In the past few days, I have found some potential coins to invest in: stx, jup, and doge.
The reason for choosing them is simple: stx, as a potential coin in the Bitcoin ecosystem, has been in a range-bound consolidation since June and will definitely have another wave of market activity to make stx shine again.
For jup, my average price is at 0.84, and the golden era is about to arrive. Whether it’s jto or wif, jup's potential for explosive growth later on is still very strong, with daily trading volumes exceeding $1 billion.
doge is fine as long as it reaches $1. Long-term holding will definitely get there.
Lastly, there are many more things that I haven't written down, such as specific opportunities and specific decisions; these things often cannot be summarized in a single article. If you have any questions, come find me for more wealth.
