In 2024, the cryptocurrency market experienced a remarkable recovery, with the overall market cap soaring from $1.8 trillion in January to $3.9 trillion by mid-December. This wave of growth was primarily led by Bitcoin, which has risen as much as 160% year-to-date, and the strong upward trend has also revitalized many cryptocurrencies that had previously stagnated or performed poorly.
According to past patterns, the initiation phase of a bull market is often accompanied by an increase in Bitcoin's market share, as funds during this phase flow more towards Bitcoin, the core asset of the market, while the performance of other tokens lags behind. When Bitcoin's market share reaches its peak, market liquidity and investor sentiment are often close to a critical point. At this time, investors begin to take profits, causing Bitcoin's market share to decline, and funds gradually shift towards altcoins, forming what is known as 'Altcoin Season.'
Which altcoins can be purchased in 2025?
Dogecoin once again becomes the 'Ace.'
The well-known meme coin Dogecoin ($DOGE) witnessed an astonishing rebound in 2024, soaring over 350% from a low of $0.081 in January to a high of $0.466. This surge is backed by several positive factors, including political, technological, and cultural news.
Trump is about to take office, and the cryptocurrency-friendly government he leads will bring a significant shift in the USA's cryptocurrency regulatory stance.
Currently, Dogecoin's price pattern resembles that of previous bull market cycles, during which the coin experienced nearly a 7,000% increase. If the upward trend continues next year, Dogecoin could rise to $1 or higher, setting a new historic high.
XRP ($XRP) has surged 350% amidst the regulatory wave.
XRP ($XRP) has risen over 350% since the November elections in the USA, securing its position as the third-largest Crypto by Market Cap, surpassing Tether ($USDT) and Solana ($SOL).
The surge in $XRP is driven by many favorable news, including an optimistic regulatory outlook, the launch of strategic products, and strong technological momentum.
Additionally, the ruling by USA District Judge Analisa Torres that $XRP sales on public Exchanges do not constitute securities has brought a turning point for Ripple and the entire Crypto industry’s regulation.
If it breaks through $2.60, it may trigger a new wave of upward momentum, with prices expected to double.
Hedera ($HBAR) returns to the top 25 by Market Cap.
Hedera ($HBAR) has recently risen significantly, establishing a prominent position in the DeFi market. Between November and December alone, $HBAR surged over 800%, maintaining a remarkable growth trend throughout 2024.
One of the most noteworthy developments for Hedera is the potential listing of a spot HBAR ETF. Valour Funds has applied for a physically-backed product on the Euronext Exchange in Europe. At the same time, Canary Capital has applied for a US $HBAR spot ETF, raising significant market expectations.
$HBAR's total locked value (TVL) has also seen substantial growth, skyrocketing from $53 million in January to nearly $0.2 billion in December, primarily benefiting from contributions from platforms such as Stader, SaucerSwap, and Bonzo Finance within the ecosystem.
Since altcoins do not drop when Bitcoin falls, it indicates that altcoins have reached a relatively low point. Bitcoin cannot keep falling indefinitely and will rebound; when Bitcoin rebounds, altcoins will likely rebound even more.
The only thing that can be done is to clearly determine which stage one is in and take corresponding actions and judgments based on the hot topics of that stage.
As for when the final chapter will arrive after the noise, it is an unpredictable and worrying issue that is of little use. After all, there are always people paying the bill in a feast, and someone benefits from the trend.
Grasping the trend is the main theme of the crypto market.
Recently, many friends have been trapped, saying they will come to find me and join the group once they break free. I just want to say that you are still playing without rules, only waiting for a surge to get back to break-even. You can play with your eyes closed; you won't lose much money in a bull market as long as you don't rush in at the end of the bull market.
If you are simply looking to trade cryptos for the thrill, getting out of one coin and jumping into another, focusing on entertainment, then there is really no need to join any group, let alone spending money to join mine; you can continue playing.
There is no such thing as a free lunch; free things are often the most expensive.
If you want to follow the trend and make some money for the New Year, I might be able to help you. That way, when you have the New Year's Eve dinner, you can sit at the main table and eat first when you visit your father-in-law's house on the second day of the New Year.