In each bull market, we see the price of a mainstream coin reaching a new high, which is usually the beginning of an Altcoin bull market. In the past few bull markets, the mainstream currency was usually Ethereum. But this time, we see that SOL is replacing Ethereum's position and becoming the protagonist of the new bull market. Today, SOL has broken through $245, just $15 away from its all-time high. Once it breaks through this point, the entire market will experience a big explosion! Not only SOL, but other Altcoins and some coins still active on the exchanges will also start to soar.
Reviewing the past bull markets, the role of $ETH
If we look back at past bull markets, we can find that the breakthrough of Ethereum's price to a new high is usually a sign of the Altcoin bull market. For example, in the DeFi Summer of 2021, the market was full of on-chain games and PVP, and those who did not participate in the on-chain activities could hardly share the market's dividends. With the outflow of funds from CEX (centralized exchanges), many people found that the price of ETH was rising, but they could not make much money with their own ETH, and the transaction costs were also increasing. Finally, the large capital flowed back to CEX, and the price of Ethereum tripled, breaking the historical high of $1,400, and then soaring to $4,867. This round of rise not only inflated Ethereum's market value, but also increased the market value of Altcoins several times.
Current market: $SOL as the new benchmark
This time, SOL is the dominant coin in the market, which means that once it breaks through its historical high, funds will quickly flow back to CEX. At this time, the funds previously fixed on Bitcoin as well as the off-exchange funds will enter the market, coupled with the leverage effect, the prices of various Altcoins will also experience a surge. Therefore, we can say that once SOL sets a new high, it means the beginning of the super Altcoin bull market, and the entire market's enthusiasm will truly arrive.
Bull market in stages, retail investors find it difficult to seize every opportunity
The bull market is a staged process, and for ordinary retail investors, it is not easy to seize the opportunities in each stage. For example, last year's Meme coin market, the AI, DEPIN (decentralized infrastructure) and RWA (real-world assets) markets at the beginning of this year, and the current SOL, TON, and SUI markets, each wave will have different opportunities and risks. You may miss some opportunities, and although wealth can grow very quickly at times, you may also fall into traps in market fluctuations.
For example, last year, many people made money in the Meme coin market, but later invested in FB (Facebook's crypto project) and were harvested. Similar situations also occurred in this year's LBP (liquidity bootstrapping pool) new project launches, like the AI projects such as OLAS that brought hundreds of times returns, but there are also some projects (such as ORDS) that are close to zero. These market opportunities and risks coexist, and sometimes you may regret missing opportunities, but more often it is investment failures that lead to losses.
PVP era: fast rise and fall, full of uncertainty
We have now entered an era of universal PVP, where investors can invest in multiple projects in the same day and see their assets surge several times in a short period of time. But this also means that the risks are equally huge, and many people may be swept away by the market tide in an instant, especially some meme coins that seem unreliable, which may even surge hundreds of times. Just like when driving, you will see road signs telling you the right direction, but the oncoming vehicles are the ones that are more popular, which means you have to learn to adapt to the market's fluctuations and trends.
Summary: Go with the flow, follow the market trends
In short, the current market is full of opportunities and risks, especially the volatility of Altcoins is very large. If you want to seize the opportunities of the bull market, you must learn to go with the flow and follow the mainstream trends of the market. Don't stick to rational and data-driven thinking to select projects, many meme coins that you look down upon may bring you huge returns. So the real bull market strategy is: accept the market's volatility, follow the trends, seize the opportunities, and avoid blind following.
The big bull market is here, brothers, come together!
Finally, there is still a lot that has not been written in, such as specific opportunities and specific decisions, which are often not something that can be summarized in an article.
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