Good evening everyone, I want to share a little bit of saturation but also want to share the spirit in the current market conditions (Altcoin Prices). When you decide to trade, you must set aside a lot of time to monitor price movements. Actually not only choose the time to buy or sell, but there must be a growing spirit of self. Don't focus too much on conditions, but we need refreshment of mind to make a new strategy. I am optimistic that the altcoin price will grow well, maybe later this year. Do you think so now? Thank you,
The situation is different from what we had in 2017. There are two things. First of all, the investors are more mature and intelligent. They think twice before investing in any new cryptocurrency. Unless a particular coin or a token can show solid development and acceptability, it may gain little traction in the market. And the second thing is that the number of cryptocurrencies have increased by manifold, and this has increased the competition beyond viable levels. It's a dog-eat-dog world out there in the cryptocurrency market right now.
The altcoins have been around for years and market cycles repeated its seasonal price movements. Many top altcoins in 2016 were not even in top 500 CMC list currently. The educated investors know which projects are going to be successful and they make a wiser choices compared to the ICO hype during the 2017, it is an obvious fact that the majority of investors don't want to be involved in the scam projects.