The market situation is not the best and no one knows what to expect, there is a fear of investors in the market. Since the recent drop, bitcoin has lost 40% of its ATH, the fear index has reached 10, and even the altcoins that performed better in the correction, such as NEAR, ATOM, have also lost a little in value. We hit the baseline BTC support of $ 40,000, which we got off to a good start last time, and went to the new ATH. Bitcoin dominance at the bottom. And today we saw a rebound and a small rise in BTC and the market as a whole. Perhaps this is the beginning of a new rally? Is it time to enter the market? I think yes, since we are not that far from a possible second bottom, and even if the lease continues, in any case, we need an upward correction.
Yes, I think this is an opportunity to buy some coins as most of the coins are just trying to recover from their losses, so after recovering then the pump, but it all depends on the strength and nature of the project. But this is indeed the right time to invest as this kind of opportunity might not come again this year.
You are right. Now is a good time to enter the market and buy altcoins while their prices are still having high discounts. Otherwise, you will miss another opportunity because you are busy waiting for another dip. But knowing there are a lot of scam projects around so we should be more careful too not to fall investing in shitcoins. And always be reminded that not all coins who are in dips right now have potentials to grow or succeed, some are definitely low valued coins because they don't have any demand to grow and increase their value.