Post
Topic
Board Altcoin Discussion
Re: What are the trending crytpcurrencies these days?
by
Sayeds56
on 10/08/2024, 17:48:23 UTC
buying altcoin the current situation is very good for long or short term. the market is having a discount on the effects of news of war between countries. a very good moment not to be missed to buy. many new altcoins with good projects and prices that are still low by waiting for a new ATH in the future

You are correct, buying altscoins at current price levels could be beneficial in the mid to long term because market is relatively stable after the Bitcoin price dropped more than $10,000 few weeks ago. However, it is important to know that Bitcoin is still below 200 simple moving average (SMA) which is consider crucial indicator that determines bullish of bearish trend. Therefore, best strategy could be to use Dollar Cost Average (DCA) to accumulate good quality coins such as Solana, XRP and Ethereum.