Currently, BTC has entered its second phase of bloodsucking, and market funds are continuously converging towards BTC.

Regarding altcoins, the rate of decline seems to have slowed down. Meme coins such as Dogecoin (DOGE) and Pepe have recently shown relative stability in price, with the downtrend nearly coming to a halt.

Dogecoin is particularly noteworthy; from its daily chart, the MACD indicator is gradually approaching the zero line, which suggests that the adjustment phase of Dogecoin is likely coming to an end. When this adjustment concludes, it may very well spark a new wave of upward momentum.

From a macro perspective of the entire market, the second wave of meme coin appreciation is likely to erupt and manifest around early January 2025.

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