Woken up by the liquidation alarm at 3 AM, I took a glance at the charts and suddenly realized: it turns out that altcoins rally like a late-night barbecue stand, the fewer people there are, the easier it is to produce a hit product 🌙
Today's leaderboard is quite interesting, $STO surged 35% in a day, $SENT also rose by 21%, while mainstream coins are all falling. It's like the top students in class all bombed their exams, and an usually unnoticed student suddenly took first place.
I checked the on-chain data and found an interesting phenomenon: every time the fear index drops to a single digit (currently at 9), those small market cap coins tend to bounce back fiercely. Retail investors have been scared away, instead giving smart money an opportunity to position.
【The key point】 Altcoins are now like the last hour's produce at the market, prices are cheap but you need sharp eyes. $ANKR has only risen by 2.4%, but with a trading volume of 6M, it's still relatively active; this steady rise is healthier than wild fluctuations.
That said, $DOGE dropped 4.7% today, and Elon Musk hasn’t made much noise lately. Dogecoin, as a meme coin, is typically driven by emotions, and without hot topics, it remains sluggish.
Of course, $BTC and $ETH are also down today, indicating that the entire market is still digesting the previous panic. However, I believe that during such extreme panic, it is actually the eve of the altcoin season. History tends to repeat itself remarkably, and after every major drop, there’s a wave of altcoin rotation.
NFA, manage your risks, at this position, it is advisable to test the waters with a light position, don’t go all in.
❓ How long do you think we have to wait for the altcoin season? 1 month deduct 1, 3 months deduct 2, half a year deduct 3
$STO $SENT $ANKR $BTC $ETH $DOGE
#BearMarket #Investment #DeFi #Ethereum