Post
Topic
Board Speculation (Altcoins)
Re: Are we going to see a new altcoin boom soon
by
Farma
on 07/05/2022, 03:41:30 UTC
The market is at its corrective action, so the price could fall down or if could bounce. For now it looks like the price of altcoins have got dropped with connection to the fall in the price of bitcoin. With bitcoin we can't get into conclusion about the trend, because it looks like market movements were of fluctuation and not a decline/increase.
This, is the best time to buy as the price of most crypto currency are in a down mode it best to buy low and sell high in that way you will have multiple profits when the price rise, with Bitcoin touching the 36,000 today it obvious that the market will is on correction mode which is an advantage to investors.
and worst case scenario, the price of bitcoin could fall even deeper than it currently is. well, this is really a great advantage for investors. it also indicates that at the moment there are still no signs for us to see altcoins going into a bull market. usually, it starts with an increase in the price of bitcoin, and now the potential price change is happening in the opposite direction.
we may see a bull market for altcoins when the bitcoin price increases above $45k. currently, the bitcoin price correction is actually keeping the bitcoin price in the $35k to $36k range, and the worst thing is its drop to the $30k price. well, i hope the bitcoin price goes up soon to start a bull market for all markets.