Quote from: Silberman on August 04, 2024, 07:08:30 PM

Quote from: MusaPk on July 29, 2024, 03:18:03 PM

Quote from: Wysi on July 29, 2024, 02:47:19 PM

Crypto will for sure surge again like before because of approval of Bitcoin Spot Exchange Traded Funds (ETFs) by regulatory authorities, has fueled expectations for further gains.
The recent surge in cryptocurrency prices suggests a potentially promising future for the crypto market.
With Bitcoin surpassing its all-time highs and excitement building around the “Bitcoin halving” investors are hopeful for continued growth and potential new records.

That's very much true that crypto market is dependent on bitcoin for its growth. We haven't seen much appreciation in price of alts when Bitcoin is down. Bitcoin this year has shown an unusual increase and stability in its price specially after the launch of ETFs. We saw an ATH before halving which is also an unusual thing since Bitcoin has history of attaining ATHs after few months of halving. Having said that we can conclude that since Bitcoin is stable and moving in positive directions that is surely a good thing for the crypto market.

Those are without a doubt good explanations why altcoins have not grown as much as we saw during the previous cycles, however it is possible another factor is at stake, and that is that people have realized how difficult it is to predict the performance of new coins, and on average we are seeing those people becoming more conservative on their approach to this market or leaving this market for good, and if that is the case then it is possible this bull market will not be anywhere near as good as the previous ones for those coins.

As for today, the alts are dippin', and we need to wait for 3-4 months to see the situation change, in my opinion Wink

Hold tight, gentlemen.