Post
Topic
Board Altcoin Discussion
Re: Are you still buying altcoins??
by
Essential10
on 24/05/2024, 04:10:08 UTC
I already bought some leveraged fractions at 5x, I intend to leave this position open until mid-2025 and I am going to do the same with Bitcoin, because in my opinion, Bitcoin and ethereum are the most reliable assets, I have my eye on SOLANA too.
When the halving starts the prices of the coins go up very quickly I believe bitcoin and ethereum are much more viable coins. Ethereum allows many other ALT coins to be hosted on its blockchain and has near-instant processing power. The price of altcoins often increases depending on the price of bitcoin. Solana market is currently showing its good position but how much higher it will go is uncertain.
The day before yesterday we also saw Bitcoin rise and Ethereum cross from $3.1k to $3.9k.  Since the beginning of the year, Bitcoin's price has fluctuated a lot, which has resulted in the rise of altcoins. Solana has been the best performer this year with the current price above $171, with the Bitcoin price up and down, the price of Solana coin is showing the same pattern. It is natural for all coins to have doubts about where the future will go. But I think Solana, Ethereum coin can break its past high price record and enter new price if Bitcoin price increases further in upcoming bull season.