The cryptocurrency market is experiencing a new wave. Bitcoin has set a historical high of $124,000, attracting the attention of the entire industry. However, prudent investors should not focus solely on Bitcoin but should pay attention to the broader cryptocurrency market.

Recent market trends show that capital is flowing to other crypto assets. The Binance token (BNB) has increased by 20% over the week, once again surpassing the mark of $4500. At the same time, some lesser-known tokens have also performed excellently, for example, the cryptocurrency with encryption Zcash (ZEC) has risen by 208% over the week. This phenomenon indicates that the market is undergoing a capital rotation cycle.
It is worth noting that the difference in indicators between various sectors is evident. The growth of the Layer-1 sector over the week was 12.54%, significantly exceeding other sectors. This trend of stratification means that investors need to be more cautious in selecting investment targets.
In October, the U.S. Securities and Exchange Commission (SEC) will make a decision on 16 applications for ETFs for crypto assets, which could become an important factor influencing the market. Among them, the likelihood of approval for the ETF for Litecoin (LTC) and Solana (SOL) is quite high, with market expectations reaching 93%.
According to data on the blockchain and research reports from organizations, some promising tokens are worth attention, such as TAO, RENDER, SOL, APT, and AERO. Especially SOL, analysts believe that it still has 70% growth potential.
It is recommended for ordinary investors to use the following strategies:
1. Diversification of investments: wisely allocate funds between major tokens, promising tokens, and stable tokens.
2. Use pullback opportunities: a pullback of quality projects to the 60-day moving average level can be a good entry point.
3. Set a stop-loss: if a loss on a single trade exceeds 10%, decisively close the position.
Remember that in a bull market, maintaining a long-term stable investment strategy is more important than the pursuit of short-term high profits. Market sentiments often create opportunities in despair, rise in fluctuations, and peak in euphoria. When everyone around you is discussing niche tokens, it might be the moment to be on alert.
In this October, full of opportunities and challenges, investors must remain calm and follow diverse investment opportunities in the market, rather than limiting their attention to just Crypto Assets.