I noticed the recent deep generally affected most of the ALT coin within 48 hrs turning Red. i bought EOS at $5.2 but i was panic to sell reason because most of my assets was greatly at loose and i couldn't bear the pain so i have to sell off most them to be able to secure them, not too long the market changes direction again and already i have lost most of my investment.
Do we expect another deep soon?
what is your intake, please be free to drop your comments.
Yes, Bitcoin and Altcoin price correction is very likely to continue.
More recently, we have witnessed a rise in the price of many altcoins and a parabolic rise in the price of bitcoin.
Could this go on forever? Of course not!
The price of cryptocurrency assets rises cyclically. Investors who have benefited well from recent gains want to lock in their profits. Many people and companies are interested in Bitcoin. However, they don't want to buy it and altcoins at a very high price.
As a result of the price correction, they will have a desire to buy cryptocurrency, and this cycle will repeat.