Post
Topic
Board Altcoin Discussion
Re: Can some AltCoins pump during bear markets ?
by
Johnyz
on 21/05/2022, 21:48:33 UTC
Can AltCoins go against the larger trend and actually pump nicely during a bear market ?..

If the team has prepared a decent update, then such news will necessarily entail an increase in the price of the coin. The same applies to news about partnerships with large companies, as well as the listing of coins on major cryptocurrency exchanges, which usually entail a short-term pump.
Good updates can pump the price but since its bear market, this is the usual scenario they dump again after the hype of that update but that’s ok since they have the good updates, in long term it can be a good one for the project itself. Some coins/tokens can still pump in bear even if there’s no update, whales are not just sitting behind since they are also looking for a potential project to pump, if you are lucky to spot good coins/tokens in bear better to buy some.