If we look at it from the perspective of the bull and bear stages, we are now in the middle of the fourth bull market in the crypto.
We know that the crypto has a four-year cycle: a three-year bear market and a one-year bull market. In this short year, the first eight months are mostly slow wash-outs and declines, while the next two months are surging, and the last two months are peaking.
Strictly speaking, this bull market will not really start until December 2024.
So now, we can think that we are in the middle stage of the bull market. The real outbreak period may take another 3 to 5 months, and it is expected to usher in the frenzy around October and end around May 2025.
Of course, this is just my opinion based on historical trends, and the specific situation needs to be observed.
The crypto will not keep rising or falling, the market is developing very fast. We must experience a rapid rise to catch up with the market value of gold.
Therefore, in a four-year cycle, the real outbreak period is usually completed within 3 to 5 months. In other words, you waited for four years just for that 3 to 5 months opportunity! If you miss this period, the profit may be gone, or even a loss may occur.
The crypto also needs a sharp drop to eliminate scams, junk projects and speculators.
Efficiency is the most important feature of the crypto, which was created to change financial efficiency. Therefore, when the bear market begins, it is best not to keep other projects except Bitcoin and Ethereum. Only these two projects can truly survive the cycle, and the others may just be runners-up.
So, wait patiently for the arrival of the violent bull market! If you have already configured your positions, you must have confidence in yourself. You can make minor adjustments, but try not to move your large positions.
Market sentiment remained neutral today with the Fear and Greed Index at 54 , which provides investors with a good buying opportunity.
4 Cryptocurrencies to Watch Right Now
PYTH
PYTH is expanding the coverage of global financial services through blockchain technology. Its native token PYTH actively promotes the development of the ecosystem by facilitating transactions, supporting payments, and incentivizing token holders to participate. Currently, PYTH is trading at $0.339, up 4.61% in the past 24 hours. The token hit a recent high of $0.3485 yesterday, and market sentiment remains bullish.
ARB
Currently, ARB is trading at $0.59, down 2.2% in the past 24 hours. However, in the past 30 days, there have been 17 trading days with an upward trend, showing a good environment in the market. ARB is expected to rise by 229.90% in the coming months and may reach $1.980584 by October 22, 2024.
VET
VET has recently been granted a US patent (US 12,093,419 B2) and has made significant progress in the blockchain field, focusing on the management of user authentication data. VET is trading at $0.024, up 1.45% intraday and 45% year-to-date. Over the past 30 days, VET has shown positive momentum and the market is confident in the project.
BEAM
BEAM is priced at $0.0172, up only 1.08% in the past 24 hours. But since the beginning of this month, BEAM has experienced 16 rising days, showing a mild upward momentum. BEAM's price is expected to fluctuate between $0.016948 and $0.02531 this week, and if it reaches the upper limit, it may rise by nearly 49.34%.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
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