Well-known trading analyst recently shared their views: in 2024, altcoins may become the main source of market returns, with Bitcoin possibly just serving as a prelude.

The market observer pointed out that the long-standing accumulated funds are looking for new outlets. They believe that Solana (SOL) and Polkadot (DOT), as leading second-tier projects, are most likely to initiate a rebound rally first. At the same time, public chain tokens like AVAX may also become targets for capital competition. Of particular interest is their mention that storage projects such as Filecoin (FIL) are being reevaluated by large funds, and these projects may enter a period of renewed institutional interest.

From a technical perspective, Bitcoin has recently oscillated around the $30,000 mark, possibly approaching a short-term high. If this judgment is correct, the process of funds flowing from BTC to altcoins will gradually unfold. Other mainstream coins like ATOM are also worth paying attention to in this trend reversal.

However, it is important to view this calmly: the analyst’s high-price prediction for ETH last year did not materialize. The current market sentiment is indeed overheated, and if BTC experiences an unexpected decline, the withdrawal of funds could be equally swift. Additionally, caution should be exercised regarding the risk of some project teams potentially manipulating the market to pump prices. It is recommended to participate only with spare funds and avoid overly following any single-sided predictions.