Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.
I think there is hope for other altcoins if precious assets like Bitcoin and Ethereum enter an uptrend. For example, $1000 became the bottom price for Ethereum. It's now up to around $1700. So, we may be in a good period for altcoins. For this reason, I think it might be good to buy altcoins gradually.
The price of ETH has already risen almost 2x since its bottom! Does the bear market seem to be over? How do you feel about this?
Powell and the Fed have the potential to soften future aggressive increases in interest rates. That's why markets are reacting positively. As a result of the Fed's seriousness about fixing inflation, we are pumping. A higher rate increase had been called for for months by Wall Street. As a result, they are feeling confident about recovery now. The rest of the market will eventually follow ETH's reaction, even though a few have already done so.