Recently, the cryptocurrency market has shown active growth, with Bitcoin remaining above $103,000. Altcoins such as Ethereum and XRP are also showing significant results.
Current Market Situation
Bitcoin continues to hold strong positions, staying above $103,000, which contributes to the start of the altcoin season. Ethereum has surpassed the $2,500 mark, rising more than 37% due to the Pectra update. XRP is also showing growth, testing the $2.40 level with a 9% increase this week. Dogecoin has increased by 26%, Solana by 15%, and Cardano (ADA) has demonstrated a 14% rise.
Chasing the Runners Strategy
Analysts advise investors seeking short-term opportunities to focus on altcoins with strong volume and liquidity. Memecoins like Popcat and Moodeng, as well as AI-based projects like AVA Virtual, offer quick entry and exit possibilities. It is vital to consider market corrections, as they may represent good buying opportunities.
Accumulating Sleepers Strategy
Altcoins that have not yet surged have long-term profit potential. Projects focused on future technologies, such as AI, gaming, and zk-technology, are categorized as 'sleepers.' This strategy requires patience, as the anticipated growth may take a long time to appear.
The analysis of the current state of the cryptocurrency market shows growth dynamics for both Bitcoin and altcoins. The 'Chasing the Runners' and 'Accumulating Sleepers' strategies offer different approaches for investors depending on their goals and timeframes.
