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.
I don't see any sign of bear market on bitcoin. It was only a price correction which is a norm for bitcoin price movement. We still have a bigger picture of the bull run this season, because this year is when bitcoin price will reach its highest peak. As for altcoins, don't put much hope on their prices doing 5x or more because most of them are not promising. Buying altcoin is gambling so expect more of losses than profit, and take profit when it comes.