Hi,
For the past month, after Bitcoin surge, most of the top 50 - 100 altcoins have also gone up.
I know when the initial surge occurred in this cycle back in early 2024, most altcoins crashed by 50% - 60% for about 6 months.
My question to you veterans who went through the previous cycles, where we are at this current cycle, should we be expecting another temporary downturn after the recent gains?
No one can really tell you for sure if any of this coins will make some significant gains or loss in the coming days. They’re all crypto assets and the crypto market will continue to play its path without any major hinderance to its speculative moves.
The gains in the market really brought lot of hype and anticipation in this bull run. Many investors now feel to also take part in the bull run and make themselves some money after bagging some coins earlier in their portfolios. But the market sideways won’t allow all to benefit from them.
Downturn are part of the market and with what I have observed about the market, it will not continue on this bullish trend without making some retracement timely. The market will experience downturn but we can’t tell how long those downturn can last and how long even bulls can continue. So the market remains unpredictable.