What's the general feeling about some of the altcoins that have dropped in value considerably such as TRON, district0x, Cardano and SiberianChervonets.
I've been HODLing these for a while hoping they will recover but their value seems to be getting even lower. With new coins being launched daily, is it likely that these will ever recover?
This is the 10 billion question everyone has in their mind. Has the altcoins rise all been a bubble which has now popped? Yes and now, it has been a bubble but there will be more, and bigger ones. That seems to be the normal price behavior in cryptos. Prices go up in time, with occasional retracements of up to 90-99% of their value. Give or take.
I believe it will recover again the altcoin market because ber months are now approaching which there are investors who like to invest in different coin which it can be effective in fluctuation. So make sure to choose a potential coin and hodl for a couple of months then trade when it achieve our targets of profit.