Recently, the cryptocurrency market has attracted a lot of attention, especially regarding the trends in altcoin prices. Analysts have pointed out that there has been a wave of altcoin activity since the beginning of 2024, and similar scale movements may occur in the future. However, this is different from the typical altcoin frenzy seen during past bull runs.

The current altcoin market mainly occurs when Bitcoin reaches a new high and consolidates. After hitting new lows, altcoins typically experience a slight rebound, usually with an increase of around 2-3 times. It is worth noting that only those quality projects that have a certain level of consensus, actual application data, or participation in governance and dividends are likely to perform well. A very small number of exceptionally high-quality projects may see increases of 3-5 times or even 10 times, but such projects are difficult to filter and have large fluctuations, which is not conducive to protecting profits when the market is at a high.

Ethereum, as the largest altcoin, has received ETF approval and is expected to reach $5000-6000 in this market cycle. For other alts, it is recommended to timely convert to Bitcoin at high points. It is worth mentioning that the altcoin prosperity index of 75 may represent the peak in this market cycle, rather than the starting point as in the past.

Currently, there are billions of tokens in the Crypto Assets market, with a large number of new coins appearing every day. Although most are short-lived meme coins, this simple, fair, and efficient speculative method has attracted a large number of young investors entering the market. They tend to trade new coins on-chain rather than trading old coins on centralized exchanges.

In the future, the cryptocurrency market may become increasingly similar to the US stock market, where 1% of projects account for 90% of the market cap and growth. For ordinary investors, achieving a return of 3-5 times during each market cycle is already a good result. From the end of a bear market to the middle of a bull run, achieving a return of 3-5 times over a period of 2 years may be the most stable and safest investment strategy.

Overall, investors should remain vigilant and take profits at the right time, even if the returns do not meet expectations, they should lock in profits promptly. In this rapidly changing market, it is crucial to be flexible in adjusting strategies and to maintain rationality.