Quote from: LUCKMCFLY on February 12, 2022, 02:33:25 PM

Quote from: Devifajarina on February 11, 2022, 10:51:13 AM

Quote from: Tellek Garing on January 02, 2022, 12:19:29 PM

Contrary to speculations from various cryptocurrency analysts who have predicted that the altcoin market was going to witness the highest price boom in 2021 it seems the hype was overrated and the market went in the other direction opposite the speculations and many speculators are left with no choice than to flow with the current market conditions.
The altcoin market witnessed some new development and projects such as the web 3 NFTs and the discovery of the metaverse which are now the rave of the moment, this and many more are the happenings that characterize the altcoin market with its wave being transferred to this year 2022. I guess the altcoin faith is left hanging at the moment and a lot of analysis has gone ahead which all point to a more groundbreaking development ahead.

Many analyzes make studies about altcoins based on the trends that are raised by bitcoin, when bitcoin strengthens, the altcoins will be influenced by these trends, at least this is what we continue to see in this forum discussion, but actually there are other effects that affect altcoins continue to grow until now, I think there is no complete attachment between bitcoin and altcoins, because both have their own trends in development, in fact sometimes the hype is the one that is bigger affecting the two coins, this year we saw both bitcoin and altcoins stuck at a price that didn't move, meaning they tend to stagnate for a long time. prices this year, the price spike is expected to return to normal in the middle or end of the year.

I think it is very difficult to currently predict when the great season of altcoins may be, that season that many have been waiting for, as they say, the season was presumed to start in 2021 because the price of BTC promised to reach very high levels, some even Wall Street investors said that BTC was going to reach the minimum $150k, however it was not like that and when everyone expected in December that it would reach a price of at least $100k, the price fell in price and is now in great volatility and With much more uncertainty than before, I think that these things are what have caused a good rise prediction to be given by altcoins, in fact I would not dare to predict, because as I see the market is very difficult.

Current conditions are indeed not easy to predict the price of each existing coin, but at least we must be able to avoid the risks that exist, so that the focus is not only on each coin, but more on potential coins, correction conditions also cannot produce anything for now, so it's better to wait and buy as a coin in the top 5, because when market conditions return to normal we can take advantage to sell it.