It has been a brutal few weeks for altcoins and being 100% altcoins it has hit my portfolio hard.
My portfolio is still +62% despite this big correction but it was +180% back in December.
Do we think altcoins are going to recover as quick as they crashed?
I feel we just need some good news back in the market as it has been feeling like a bear market recently.
nobody know for sure, even if bitcoin dominance suddenly falling there's no guarantee it will pump most of alts, instead it can just go to the biggest dominating alts and the new ones that came up.
just in this month alone few alts with multi billion FDV came up, the old alt more likely gonna dump, but if you hold big alts, like solana, eth, xrp, or sui, I think you will be fine.
this is why I was never fan of investing in altcoin, short lived life span, the time you realize you're too late in the altcoin game is when the altcoin never recover anymore. the problem here is, bitcoin keep staying around the range $90k - 105k doing sideways while altcoin just full bearish, imagine if bitcoin suddenly fall to $70k level, what's gonna happen.