Is a furious bull market coming?!
BTC halving bull + Trump taking office + continued rate cuts
Currently, BTC has repeatedly hit new highs, and altcoins such as ETH and SOL have also started to surge crazily. Now everyone's mood is much higher, and previously BTC was the only one rising, completely unable to feel the atmosphere of the bull market.
Only when all coins rise can everyone feel the joy of making money, and this is the real bull market!
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So, can the altcoin market rally continue after November? And which altcoins are worth watching?
With the Trump administration taking office, the altcoin market may usher in a regulatory spring
The election of Trump as the next US president has started to digest the election victory in both the traditional financial market and the crypto market.
In the traditional financial market, the US dollar and US bonds have surged due to the election results, but Trump's previously mentioned plans to reduce immigration, impose widespread tariffs and cut taxes may push up inflation, causing gold and oil prices to fall after the election results.
In the crypto market, the BTC price has directly responded to Trump's victory, continuing to hit new highs. Trump made many promises to the crypto industry during the campaign, including not supporting CBDC and establishing a BTC national reserve (see the image below). For the more strictly regulated altcoin market, if these crypto-friendly regulatory policies can be continuously implemented, it will truly promote the recovery of the altcoin market.
BTC hitting new highs, the probability of altcoin rotation is high
With BTC breaking new highs and its market share remaining around 60%, based on past bull market experience, the altcoin season will come soon after. Compared to the past, this cycle's view is that the influx of a large amount of capital and institutional buying brought by the BTC spot ETF is one of the main factors affecting the rise in BTC prices.
However, in addition to the traditional financial market capital from BTC spot ETFs and institutional purchases, there are still many active crypto funds or retail funds in the market pushing up the BTC price. And when BTC hits new highs and crypto regulation under the Trump administration may shift, these funds are more likely to rotate into the altcoin market, bringing the altcoin season.
Which altcoins are worth watching?
ADA
Cardano is a blockchain platform designed specifically for smart contracts, supporting the development of decentralized finance applications, cryptocurrencies and games. Given its scalable and sustainable approach, ADA may be an attractive choice in the current market cycle.
PENDLE
A new star in the DeFi world, closely cooperating with the RWA bigwig MKR, and the Layer2 linkage is also great. I heard they are also going to team up with LayerZero, cross-chain growth is not a dream.
DOGE
It has surged 9.91% in the past week and 40.47% this month. This growth is due to the influence of social media, especially Musk's influence.
Looking at the recent performance of altcoins, the market seems to be leaning towards a positive view. The altcoin market has experienced a long-term decline, while BTC has continued to rise, and in the short term there are many opportunities in the altcoin market.
Will the altcoin season still come?
I tend to think that it is highly likely, but it will take time. After BTC has risen enough, and combined with the fundamentals of the economy, it may start, and it also needs to be determined based on the fundamentals at that time how high the peak will be.
So since the altcoins will only start to rise after BTC has risen enough, when will BTC rise enough? Or how much is enough? It feels like it should at least rise to the level when the "Wizard" officially takes office, so that's why yesterday's presidential election results only pulled it up to over 76,000, because it still needs some time to rise, and BTC is no longer a small market cap like before, it can't just double up randomly, it needs to leave some room for the subsequent upward cycle. As for the height, I'm still looking at around 120,000 for now, whether it reaches that or not, I'll be the first to notify you in the internal group
All I'm trying to say is that the good days are really coming, and everyone needs to seize the opportunity. I hope this bull market will allow everyone to safely cash out with full pockets.
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