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📖 Day 1 · Quiz (Single Choic
The Crypto Assets market is brewing a new altcoin trend, but unlike before, this rise may not be so smooth and lasting. The market trend is expected to be more similar to the situation at the end of last year, where a brief rapid pump followed a long period of turbulence.
Specifically, there may be about two and a half months of a consolidation period, followed by approximately half a month before the main pump phase arrives. This means that investors need to have great patience and perseverance.
From the data, the altcoin index began to break away from the bottom since early July, and it has been about two months now. Although it seems that progress has been quick in terms of time, the market still needs more time to brew.
For those investors who have been waiting for a long time, waiting another 1-2 months does not seem difficult. It is recommended to pay close attention to market dynamics from September to November, as this may be the true arrival of the alts season.
Overall, this round of altcoin market may not experience a rapid pump and maintain a long-term rise like previous rounds, but rather need to go through a longer accumulation phase. Investors should adjust their expectations, prepare for long-term positioning, and patiently wait for the turning point in the market.