Post
Topic
Board Altcoin Discussion
Re: What's in For Altcoins after the Halving?
by
Zaguru12
on 21/04/2024, 23:21:59 UTC

Altcoins will have their own time as they have had in the past halving inspired bull runs. Although, its different this time in that Bitcoin finally got the much anticipated and sought after Bitcoin ETFs. I expect altcoins to have the biggest moves even though Bitcoin might do more or less a 100% price growth. For altcoins, 3x at the minimum. Once I get my hands on the Bitcoin dominance chart, I'll share. It has been looking very juicy for several weeks now.

As in the past the altcoin season set in when the Bitcoin dominance is down which signifies that there is shift of funds from the bitcoin to altcoin. This will only happen after bitcoin it self has experience a significant move up and people starts taking profits. Right now the Bitcoin dominance according to coinmarketcap is 53% which signifies that both market will for now be moving more like linearly. A move in bitcoin price will impact a move on the Altcoins and a negative return on bitcoin will be felt also on Altcoins. I see bitcoin rallying up well like months after the halving most especially with this congestion looking to hinder a high demand.

Right now will have been a good time to accumulate more altcoin but the risk is there, Altcoins aren’t advice to be dived in during their falling period as you can not know which will be rallying back again. But if you have done a strong fundamental analysis on a coin and have a conviction on it, then this is the right time to dive into them.