The recent strong rebound of altcoins has reversed the decline of several months in a few days, surpassing the spring high. The bull market under the halving effect is unstoppable. Retail investors are often caught off guard and can only follow the rise. Behind this round of rise, the project parties and exchanges are driven by the profit needs, coupled with the concentration of market chips and the reduction of liquidity. The big dealers took advantage of the good news and the enthusiasm of retail investors to accelerate the price increase.
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Although the value of altcoins is still attractive, the current market is in the trial stage, retail investors and funds are waiting to be washed, and the pace of pull-up may be mild. It is recommended that bottom-pickers wait for the formation of the big bottom and enter the market rationally.
