The bearish market is hovering within the crypto market space. As a result, Bitcoin’s price is expected to tumble down to end the monthly trade. It is also believed that the crypto market crash is expected in the upcoming months.
Moreover, the BTC price fell heavily, dragging altcoins to lower levels. Hence, this may be a better chance to buy as they are primed to go 10x very soon.
At the time of writing, most of the altcoins are down following Bitcoin‘s drop by 70% (in some cases 80% to 90%) from their ATH. Therefore, it is a better time to get into the deal towards the lower support.
Meanwhile, two popular analysts and YouTubers, Crypto Rover and That Martini Guy ₿, suggest just accumulating the altcoins at a discounted price.
As it is speculated that the current consolidation phase is all set to end soon, a significant upswing may be approaching very fast. However, multiple crypto assets are set to be launched in the upcoming weeks which may fuel the ‘AltSeason’ 2022.
Few projects may include the Ethereum Merger Cardano Vasil Hard Fork, Polkadot Parachains, and Polygon’s upgrades within DeFi and NFT space. Moreover, Terra has huge collaborations to strengthen itself each day. Avalanche is on its path towards supremacy and many more. Thus, the analyst believes it’s a pretty bullish sign for the entire crypto space.
Furthermore, the market has left no stones unturned to surprise with a huge, unexpected move. At the moment, the BTC prices are pretty uncertain and drained, it may not take much time to relaunch a strong bull run. On the other hand, the altcoins could also follow strongly, it can ignite an insane AltSeason at the earliest.
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Source: Cryptocurrency - investing.com
