📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
As the cryptocurrency market enters a new phase, we see funds gradually shifting from mainstream coins to smaller tokens, marking the arrival of the so-called 'alt season.' Recently, the prices of XRP and Litecoin (LTC) have seen significant increases, which aligns with the general pattern of the market: Bitcoin rises first, followed by Ethereum, and finally the explosion of small tokens.
According to the current market trend, it may soon be the turn of smaller altcoins with higher risks to experience an increase. Some investors may consider moderately allocating to tokens like Doge, Pengu, and Pepe, but it is important to adopt a strategy of entering in batches, as the market often experiences significant fluctuations due to various unexpected events.
Currently, the alt season seems to be in its mid-stage and has not yet reached its peak. If there are no significant negative news, the market may still have about 20% upside potential. However, investors need to be aware that as funds flow from Bitcoin to smaller altcoins, market risks are gradually increasing.
Some analyses suggest that when Ethereum approaches $4000, it could signal a market peak. At this time, investors holding small altcoins should consider taking profits at the right moment. It is worth noting that some altcoins have already seen substantial gains, so chasing prices at this stage may carry significant risks.
For investors who have already entered at lower price levels, now may be a good time to consider gradually taking profits. At the same time, there are predictions that another wave of larger-scale alt season may occur in October.
Overall, although the current market shows an upward trend, investors should remain vigilant, manage risks wisely, and avoid excessive speculation. In the cryptocurrency market, maintaining rationality and caution is always a wise choice.