Post
Topic
Board Altcoin Discussion
Re: Is the Temporary Down Turn for Altcoins Over?
by
jrrsparkles
on 06/04/2024, 17:51:03 UTC
Last month I posted an entry talking about whether we had hit the highs in the recent "short term" bull run. I was very close to getting that high right.

Here we are, 2.5 weeks later and the Alt-coin market seems to be down 30%+ and floating at that level for a while.

With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?

Drop in the price of bitcoin also affected the altcoin prices negatively that is why you see the downtrend, probably we can expect a real surge in bitcoin's price post halving when the altcoin market will also influenced and take hits.

As of now Memecoins especially on Solana is being the choice for short term profits so you can try if you wanted to make money now or just buy the established coins for long term.