This topic is more related to the altcoins like Polygon, Litecoin etc.
So I was wondering, since we’ve already seen a nice growth of the altcoin price in early December, if it’s still realistic to see the altcoins do a 5x. I mean most altcoins are not even close to their ATH they had in 2021 yet. What do you think? Is there more potential or will altcoins just do a 2x from now on also in terms of the Bitcoin price in Q1?
quite possible knowing that there has been big retracement already. what alt needs is for BTC to stabilize and for BTC dominance to go down significantly. good thing is, BTC dominance already showing signs of bearish so people likely to rotate their money from BTC to alts.
you can do 5x if you catch the big dips when BTC dom at 59.80% that's the maximum pain point, otherwise if you get in after that, maybe 2x - 3x, but always know that it highly depends on the market, we don't know when trend will become bearish, what we know is that at some point people will rotate to lesser market cap coin to chase bigger profit.