Ninjastic
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Board Altcoin Discussion
Re: Altcoins dead?
by
milewilda
on 04/04/2024, 20:34:31 UTC
Quote from: Mate2237 on Today at 08:15:31 PM
Quote from: Rengga Jati on June 22, 2022, 11:31:05 PM
Quote from: estheblessed on June 22, 2022, 03:43:15 PM
Watching the current market and the demise of ALL crypto ... is this the end for certain coins?
Maybe  Grin
This is a bearish era where all cryptocurrencies are struggling for survival. The best will survive, and the least will be dead because of this bearish market that will be still ongoing. This is not new. many new projects or coins with low cap or volume may be easy to die and cannot survive.
But, for certain coins, this becomes the era to buy more and hold them for the long term until the bullish era is coming. Why? because some of those altcoins may be able to survive, struggle, and develop even during this bearish market. They will also follow the Bitcoin rate, which is actually very dropped, those altcoins will be also dropped. But, as long as they can survive, commonly worthy altcoins are able to rise up and reach their ATH again in the future.
But, for what coins? I am not sure, because none can predict it exactly.
We can see from the past bearish market where Ethereum also had very dramatic drops until this can go higher and higher again due to the bullish market
The surviving period is challenging because it couple with the network congestion of the two main altcoins in the cryptocurrency. As for me even now I didn't see it as the bear market and if you look well it is still at the bull market because Ethereum has not hit $3,568.80 before and I believed this is the first time of it reaching this rate. So investors are still on the lucky side but the main problem from my end is the congestion which is affecting people to withdraw and make transaction with the networks. And No I can't tell anyone to buy Ethereum and Solana now because the transaction fee is high than the amount you will even buy so there is no need for that. I wasted $12 to get $30 dollar or their about.

And as it is if the network congestion is over then one can acquire enough of them and wait for the Bull Market.
We do really have that so called market cycle on which it would really be that something that shows up those shifts when it comes to value or prices with those coins/tokens that we do have in the market.
It would really be survival of the fittest and to those who cant be able to make out then there's nothing we can do about it. It all matters with demand and recognition on which this would really be something that would really be driving the price up high and this is something inevitable. We cant really be just having a dumping market forever on which if theres a bearish market then we do have that bull in opposite.
Altcoins dead? If we do see their dominance in correlated with Bitcoin then we can really say that there's really a demand.

Market cant really just that circles around with bitcoin but well it would really be upto you whether you would really dealing up with those coins and having some diversification
or would really be sticking completely to Bitcoin.