📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Recently, Bitcoin has once again broken its historical high, reaching an astonishing $123,200. This milestone event has not only attracted widespread attention in the market but has also led many investors to ponder: Is there still an opportunity for alts in this bull run? Let’s delve into this question.
First of all, from the perspective of market sentiment, the cryptocurrency market often exhibits cyclical rotation. Looking back at past bull and bear cycles, we can identify some interesting patterns. In the bull run of 2017, Bitcoin and alts advanced together; in 2021, many alts achieved astonishing gains. However, in the current cycle, despite Bitcoin's strong performance, the altcoin market remains relatively quiet. This imbalance may indicate that the altcoin market is about to experience a surge in growth.
Secondly, from the perspective of projects, after nearly two years of market adjustment, many alts have seen their prices fall to lower levels. This means that the cost of chips in the hands of project parties has decreased, laying the foundation for a potential market rebound in the future. Once market sentiment improves, these projects are likely to quickly attract the attention of investors and drive prices up.
Moreover, it is worth noting that although Bitcoin has reached new highs, the entire cryptocurrency market does not seem to have truly entered a prosperous state. A large-scale bull run typically requires an influx of new capital and new users. Currently, the number of people participating in cryptocurrency investments globally is still relatively limited. As more people become aware of and enter this field, we are likely to see the altcoin market experience a frenzy again.
In summary, although the altcoin market is relatively calm at present, this situation may not last long. Whether in the second half of this year or in the next market cycle, as long as the cryptocurrency industry continues to develop, the altcoin market could potentially explode again. Investors should remain vigilant, closely follow market trends, and also carefully assess the potential and risks of various projects.
In this rapidly changing market, it is crucial to maintain rationality and patience. Investors should conduct in-depth research rather than blindly following market sentiment. At the same time, it is important to remember that a solid investment strategy often yields long-term returns more reliably than chasing quick profits. Whether it is Bitcoin or alts, we need to approach them with a prudent attitude, seizing opportunities while also paying attention to risk management.