Coin World reports:
If we look at the bull and bear stages, we are currently in the middle of the fourth bull market in the cryptocurrency market.
We know that the cryptocurrency market operates on a four-year cycle: three years of bear market, one year of bull market. In this short year, the first eight months are mostly characterized by slow consolidation and decline, while the last two months are marked by a surge, with the final two months being the peak.
Strictly speaking, this bull market is expected to truly begin in December 2024.
Therefore, we can consider that we are currently in the middle stage of the bull market. The real explosive period may still be 3 to 5 months away, and it is expected to experience a frenzy around October, until around May 2025.
Of course, this is just my view based on historical trends, and the specific situation needs further observation.
The cryptocurrency market does not always rise or fall continuously, as it develops rapidly. We need to experience rapid growth in order to catch up with the market value of gold.
Therefore, in a four-year cycle, the real explosive period usually occurs within 3 to 5 months. In other words, you have waited for four years just for that 3 to 5 months of opportunity! Missing this period may result in the loss of profits or even losses.
The cryptocurrency market also needs sharp declines to eliminate scams, junk projects, and speculators.
Efficiency is the most important characteristic of the cryptocurrency market, as it was born to change financial efficiency. Therefore, when the bear market starts, it is best not to hold onto projects other than Bitcoin and Ethereum. Only these two assets are truly able to withstand the cycle, while others may just be followers.
So, let’s patiently wait for the arrival of the raging bull market! If you have already allocated your positions, you should have confidence in yourself. You can make minor adjustments, but try not to touch your major positions.
Today, the market sentiment remains neutral, with a fear and greed index of 54, providing investors with a good buying opportunity.
Four cryptocurrencies worth paying attention to:
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, the trading price of PYTH is $0.339, with a 4.61% increase in the past 24 hours. The token reached a recent high of $0.3485 yesterday, and the market sentiment remains bullish.
ARB
Currently, the trading price of ARB is $0.59, with a 2.2% decrease in the past 24 hours. However, in the past 30 days, there have been 17 trading days showing an upward trend, indicating a favorable market environment. It is expected that ARB will rise by 229.90% in the next few months and may reach $1.980584 on October 22, 2024.
VET
VET recently obtained a U.S. patent (US 12,093,419 B2) and has made significant progress in the field of blockchain, focusing on the management of user identity verification data. The trading price of VET is $0.024, with a 1.45% increase intraday and a 45% increase year-to-date. In the past 30 days, VET has shown positive momentum, and the market is confident in this project.
BEAM
The price of BEAM is $0.0172, with only a 1.08% increase in the past 24 hours. However, since this month, BEAM has experienced 16 days of increase, showing a moderate upward trend. It is expected that the price of BEAM will fluctuate between $0.016948 and $0.02531 this week, and if it reaches the upper limit, it may rise by nearly 49.34%.
Seize the Opportunity 4 Cryptocurrencies That Could Turn 10 Into 1000
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